Trading Triangles: Part Two

At Target One of the Daily Triangle 50% of the position is closed.

It would then be logical to assume Price would drop by 50% of the move from Entry.

Price did not drop by 50% and instead began to form a new Triangle pattern.

Dropping to a lower time frame (4H) we can see the process begin to repeat itself.

Targets One and Two for the 4H Triangle are shown below.