The market is forming a triangle.
--> Wait for the nearest prior high or low to be taken off. And do a 100% symmetry projection to find the initial trade target.
If the price down breaks the triangle, the 1.0 projection will be taken from A to B, projected from E.
If the price up breaks the triangle, the 1.0 projection will be taken from B to C, projected from D.
And do notice the nearest prior low or high may not be D or E if the triangle continues.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
--> Wait for the nearest prior high or low to be taken off. And do a 100% symmetry projection to find the initial trade target.
If the price down breaks the triangle, the 1.0 projection will be taken from A to B, projected from E.
If the price up breaks the triangle, the 1.0 projection will be taken from B to C, projected from D.
And do notice the nearest prior low or high may not be D or E if the triangle continues.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.