XVG Symmetrical Triangle

BITTREX:XVGBTC   Verge / Bitcoin
1544 4
Price made a half effort an an upward breakout but fails to confirm and gets suck back into the pattern. Now price breaks below, but fails to fall more than 10%, indicating a busted pattern.
Sorry, but you could argue that your lines are simply not drawn correctly.

You you could be correct, (of course), adjusting your pennant could also indicate an imminent break out.
GoodmanSimon GoodmanSimon
@GoodmanSimon, ok... well it's a moot point now as it has well and truly broken downard.
+1 Reply
Its not that its down, its just that the money is circulating within traders who have their money in. most exchanges are close for registration. :(
Totaly wrong, we are still inside the patern you just adjust the lines, what matters is that a current low does not fall bellow previous low the rest is Simple guiding lines and you adjust them because you never know what Will be Next low you only know it cannot be bellow previous.
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