nlizotte

DGB/BTC Symmetrical Triangle Inside Ascending Triangle

Long
POLONIEX:DGBBTC   None
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12
There are number of Drawings on this update, that should give you an idea of where everything is going.

There is both an Ascending Triangle and a Symmetrical Triangle that are formed in the same area.


Previous:
Inverse Head and Shoulders broke through the neckline, causing a touch to the Bullish Diversion.
Wave Retracement Pattern ABCDE are completed so expect Trend Continuation to the 3 Drives Upward.

Current:
Expect the Trend to break the Symmetrical Triangle because the Bullish Divergence has a stronger tendency to continue pushing forward the climb upward. This means, that the Ascending Triangle is still in play and will be the major standing and support level to begin the 3 Driver Pattern.

Target 1: ~510-520
Target 2: ~620-640
Target 3: ~700-750

Comments

You are best. Vodka and balalaika for you!
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thank you!.
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nlizotte khanhsubj
@khanhsubj, Unfortuantely, this one was a total bust if you do not like bagholding.

Otherwise, if you are in and can't recoup quick elsewhere, remain in DGB for the upswing
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khanhsubj nlizotte
@nlizotte, ok
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Do you still think this will go up ? cant see any ascending on this chart anymore
Reply
nlizotte prabesh
@prabesh, Hey there.

As of right now, we are still in the triangle, just on the lower half of the bollinger bands. The light blue line signifies this. We are currently moving above it
Reply
prabesh nlizotte
@nlizotte, thanks for making this clear . hoping this will go up soon :)
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