As I said in the previous analysis ( ) the triangle formation was a test for bullish or bearish trend. Now the triangle has been broken. I think there will be a huge dip.
Whats the matter with you all? Everybody is that much on triangles, where there is none at all.. One wave down, followed by a bearish flag pattern, which now was left to the south..
TradingGarden
⋅
@ThommyTomka, the reason could be that I really like the "triangles" ;)
ThommyTomka
⋅
@TradingGarden, sure, though its the most uncommon correctional pattern. Flags, wedges, etc. are all more likely..