Assumption:
For right-angle triangles, I like the horizontal line to touch in at least two places perfectly (as you can see in this example). The closer the lines are, in terms of the value, the greater the validity of the triangle.
To increase the validity, touches need to come one after another. For example: top, bottom, top, bottom, decision. Many times, the decision is made off of the middle of the Bollinger bands.
Prediction:
In this case, I'm happy with the touches on the horizontal line, as well as the sequence of line touches (the same as the example described above). Smaller triangles on this small keep have repeatedly led to 4th extension fib targets. Therefore, I am predicting the same here; target = $1.89
Disclosure:
This post is purely for educational purposes and is not intended as financial advice, I am not a financial advisor.
For right-angle triangles, I like the horizontal line to touch in at least two places perfectly (as you can see in this example). The closer the lines are, in terms of the value, the greater the validity of the triangle.
To increase the validity, touches need to come one after another. For example: top, bottom, top, bottom, decision. Many times, the decision is made off of the middle of the Bollinger bands.
Prediction:
In this case, I'm happy with the touches on the horizontal line, as well as the sequence of line touches (the same as the example described above). Smaller triangles on this small keep have repeatedly led to 4th extension fib targets. Therefore, I am predicting the same here; target = $1.89
Disclosure:
This post is purely for educational purposes and is not intended as financial advice, I am not a financial advisor.
Comment:
And so it begins
