Notes to explain the TA are written on the chart.
Is this what will happen? Heck I don't know, because it may also break down (I think less likely), or continue sideways for a while (maybe 50/50). This chart uses measured moves and fib levels to indicate a probability level of what may happen IF we do break out of the triangle to the upside. If we make a nice break to the upside out of the triangle corner, then this chart becomes more probable. Ideas or feedback? Feel free to add them.
Is this what will happen? Heck I don't know, because it may also break down (I think less likely), or continue sideways for a while (maybe 50/50). This chart uses measured moves and fib levels to indicate a probability level of what may happen IF we do break out of the triangle to the upside. If we make a nice break to the upside out of the triangle corner, then this chart becomes more probable. Ideas or feedback? Feel free to add them.
Yorum:
I think I drew the lines a little tight, could still have a little more bouncing from the corner as I drew it here.