andrewunknown

Ascending Triangle Toward Bearish Shark PRZ

FX:EURJPY   Euro Fx/Japanese Yen
135 2 0
.
Shouldn't it break out by 2/3rds of the formation? I guess there's probably a Cup & Handle in there too though... No se.
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andrewunknown DuncanParker
3 years ago
That's optimal, but not necessary. A triangle this long-in-the-tooth is colloquially referred to as a "spent coil" because it's past its shelf-life. Still I see enough fire off successfully and go on to meet targets to keep in on watch.
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