As Bulkowski stated - The problem with those triangles is, after breakout, the price tends to reverse and move to the opposite direction, in 60% of all cases.
It likes to pierce just through the apex of the broken triangle.
You can watch this phenomenon, on the lower as on the higher timeframes. And that is exactly what iam speculating on, right now.
I published the idea one week ago, but is had been hidden by TV, because of violation of the board rules - I could not find, what i did wrong, so i publish again, ad the plan is still in the cards, today.
Cheers and good luck, trading to all of you!
It likes to pierce just through the apex of the broken triangle.
You can watch this phenomenon, on the lower as on the higher timeframes. And that is exactly what iam speculating on, right now.
I published the idea one week ago, but is had been hidden by TV, because of violation of the board rules - I could not find, what i did wrong, so i publish again, ad the plan is still in the cards, today.
Cheers and good luck, trading to all of you!
Trade active:
The critical point, lies around the 8 of october, on my chart.
Trade active:
New weekly candle opened. Today we have October the 7th.
Have fun rallying!
Have fun rallying!
Trade closed: target reached:
Target 1 {8247} reached.
Formed Bullish Engulfing Candlestick pattern on daily close.
Next Target is the 200 MA daily.
Happy Rallying!
October the 8th....
Formed Bullish Engulfing Candlestick pattern on daily close.
Next Target is the 200 MA daily.
Happy Rallying!
October the 8th....
Comment:
October 9th... Price reached the 200 Daily MA. Good point for a little Profit Taking.
