Based on past price movement and current market conditions, it is my opinion that this is the path we will take to *finally* break out of this falling wedge.
@leonio, not at all, the 1st ideas i opened up show oXT going up around 0.31. This chart idea showed it going under 0.30, im here to learn not troll.
CLAIR_V0YANT
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@BBsBills, Yeah, I was waaaay off, but like I said in my bio, I've only been trading since March. I post ideas simply for my own learning experience. I like to reflect on them and see what I did wrong or how I could have done better. They are certainly not to be taken as financial advice as I still have A LOT to learn. Experience is the best teacher!
BBsBills
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@caitjaymin, it was post 2 weeks ago i think u did good. thanks for sharing
TheKitchenTrader
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Nice work.
Hazel-Ra-Owsla
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I'm no triangle expert but I tend to draw my triangles very tight to the open/close of the candle (the fat part), and I ignore wicks. I'm always amazed at how accurate the lines and triangles are on these charts.
I'm not deeply versed in Heikin Ashi, but remember the price is not exactly shown on the chart, but "average" price:
Close = 1/4 ( Open + Close + Low + Close ), The average price of the current bar.
Open = 1/2 ( Open of Prev. Bar + Close of Prev. Bar ), The midpoint of the previous bar.
High = Max of High, Open, Close
Low = Min of Low, Open, Close
Therefore I'm not certain if triangles work identically in Heiken Ashi vs standard candlestick.
Hazel-Ra-Owsla
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d3dave
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not bad caitlyn,.. you have a good eye for patterns... Its like OXT is following this formation to a letter T!