NIKKEI seem like will make a new pattern/trend.
the triangle will breakout, if we see from RSI, its almost 50..
so there is about 50:50 chance to long/short
sometimes as a trader we need to patience to wait for breakout
yeah, for me i rather wait for breakout than continuing trend if trend to long
but if we see in RSI, its not a double top.. so there is a good chance trend will continue,
but safer to waiting for breakout, even to be S/R pattern is more safety
today i learn something from jason stapleton about gartley pattern.
you can check it out, he is a pro.
this is just an experiment, i try to combined gartley with S/R
see if in next several days it will like this prediction.
1. we use S/R schema in bearish trend
2. with gartley pattern we see there will be violation in S/R pattern
3. based on my experience after...
just a reminder, if we wants to be a pro trader,
that discipline is one of the most important thing in trading.
if you are breakout trader, then S/R is your friend, fab ret for 2.618 really an awesome tools
now we'll wait for next breakout
some trader may see it triangle, some will see it S/R, depends on each point of view,
but if used right, sometimes it will make a harmony,
if triangle right, now it will breakout..
*remember trading only a prediction from probability...
when i review NZDUSD hourly chart i see nothing,
but after review in daily chart, something happen..
sometimes hourly really affected by daily..
if you see in hourly, it really a big S/R
