The Symmetrical Triangle Broke At The Projected Time Zone
Hello everyone,
I've already had couple of Trade Ideas during the formation of the Triangle.
Now it has broken to the upside as expected and is going to act as the "C" wave of the huge corrective wave in the weekly time frame.
It has a high probability to be the "C" wave especially because it is followed by a Triangle and as you know, the Triangle comes before the last wave in a series.
What I like to mention here is the little "Yellow Rectangular Area" which has been on my chart since the establishment of the Triangle.
If you wonder what it is, it's simply an area I came up with using Time Relationships using Fibonacci numbers and ratios.
Now look how perfectly it anticipated the Time of the turning point in the Triangle and the start of the 1st wave of the new impulse.
If you have any questions regarding my analysis please comment below.
Have a good weekend.
Davood Wadi.
I've already had couple of Trade Ideas during the formation of the Triangle.
Now it has broken to the upside as expected and is going to act as the "C" wave of the huge corrective wave in the weekly time frame.
It has a high probability to be the "C" wave especially because it is followed by a Triangle and as you know, the Triangle comes before the last wave in a series.
What I like to mention here is the little "Yellow Rectangular Area" which has been on my chart since the establishment of the Triangle.
If you wonder what it is, it's simply an area I came up with using Time Relationships using Fibonacci numbers and ratios.
Now look how perfectly it anticipated the Time of the turning point in the Triangle and the start of the 1st wave of the new impulse.
If you have any questions regarding my analysis please comment below.
Have a good weekend.
Davood Wadi.
