Using an irregular converging triangle.
There are a number of bearish scenarios where it results in oil breaking below the triangle.
This is different in how the triangle is drawn.
Case:
- E slightly penetrated the A-C trend line
- The triangle is complete in this scenario
- Wave 1 of C is complete and Wave 2 is underway at the time of publish.
There are a number of bearish scenarios where it results in oil breaking below the triangle.
This is different in how the triangle is drawn.
Case:
- E slightly penetrated the A-C trend line
- The triangle is complete in this scenario
- Wave 1 of C is complete and Wave 2 is underway at the time of publish.
Trade closed: stop reached:
short model clearly