In Elliott Wave Theory, an expanding triangle contains waves with a common relationship of 1.618. For example, Wave A x 1.618 = Wave C, Wave B x 1.618 = Wave D, so the data suggests that wave E could be equal to 1.618 x Wave C. There are of course many other Elliott Wave counts that project different profit targets, but this is an interesting one to bear in mind.
Let me know what your opinions are on this, thanks!
(It may be worth taking a long term, low-risk trade by buying a put option in the money with at least a 6-month expiry)
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@Kaidk, I have not because IG has a minimum lot size which means I have to risk a large proportion of my account. If I had over 10k in my account I would take this trade, but unfortunately, I don't.