This will be introduction to expanding triangles.In a way, to my way of thinking, there are 3 kinds of markets: Trending markets, ranging markets, and expanding triangles. Sometimes expanding markets are elusive, but it helps you to know about them. You can still make money and manage your trades...Not knowing. In an expanding market, especially because they're...
10.31.20 Comparing Expanding Triangles on the S&P and Dow Futures
The monthly chart has confirmed completion of a 5 wave impulsive move and price action continues within a rare and complex expanding triangle formation. The bearish engulfing candle on this chart will be confirmed in the next 48 hours. The daily chart shows a head & shoulders formation with prices currently testing the neckline. A clear break and close below this...
Divergence on MACD and RSI tide-up with pattern looking good.