Greetings all. Hope all is well.
Sniffing around for plays I encountered this nasty symmetrical triangle. Too good to be true, maybe, but it looks so fine ;).
I haven't been up too date with fundamentals so any comments regarding that would be much appreciated.
Symmetrical triangles can go either way so be wary. The dotted line is the width of the last move within the triangle which is technically the first target point and the second target would be the entire width of the pattern marked in solid.
Thoughts?
I'm not a financial adviser. Trade at you're own risk.
Sniffing around for plays I encountered this nasty symmetrical triangle. Too good to be true, maybe, but it looks so fine ;).
I haven't been up too date with fundamentals so any comments regarding that would be much appreciated.
Symmetrical triangles can go either way so be wary. The dotted line is the width of the last move within the triangle which is technically the first target point and the second target would be the entire width of the pattern marked in solid.
Thoughts?
I'm not a financial adviser. Trade at you're own risk.
Comment:
First target was nearly hit. Seems they might bounce back to the bottom line of the triangle and maybe retest for a low or break a high altogether. You never know with these banks ¯\_(- -)_/¯.