Here we can see our proprietary trend model which was designed for the US equity market, but in theory should function similarly on any trending markets.
The symmetrical triangle does not look ideal on the feed I have but it does look a bit better on some other feeds.
Obviously, a break above is bullish... but the interesting thing is that a break above the triangle will also result in a break above the trend bands.
We can see the trend bands are a bit above the triangle and this is the fake-out zone.
Once we have tested the bands as support the bull trend is in full steam and we can likely expect new all time highs after the oscillator moves into the green zone.
The symmetrical triangle does not look ideal on the feed I have but it does look a bit better on some other feeds.
Obviously, a break above is bullish... but the interesting thing is that a break above the triangle will also result in a break above the trend bands.
We can see the trend bands are a bit above the triangle and this is the fake-out zone.
Once we have tested the bands as support the bull trend is in full steam and we can likely expect new all time highs after the oscillator moves into the green zone.