Andre_Cardoso
Short

(D) Bearish Symmetrical Triangle Projection at Major Trendline

NASDAQ:FB   FACEBOOK INC
NASDAQ:FB

One projection that can send the price to test the super and all time trendline ;

By default, the projection of a bearish symmetrical triangle is equal to the previous and most recent move above that triangle, starting at the last "point" of the corrective structure or consolidation structure...

Now, we have an ABC inside the triangle already forged, and i am using that point "C" to set the projection as starting point, but if the price print us a more complex structure as an "abcde" pattern inside this triangle (like a 5 waves structure) we should adjust that same projection from point "E", that will be the new impulse leg that can/will give us a structure breakout.

This all move projection at major trendline can be interpreted as an abc major correction.



Safe Trades;
Dec 18
Comment: Example of a projection in a similar situation, this is Dax:

Dec 18
Comment: clones
Dec 30
Comment:
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