Money Man knows that pattern building like what is happening now, more often than not, is a pattern within the ultimate pattern. Do you remember the previous times a symmetrical triangle turned into an ascending or descending triangle? This is very possible now.
Conclusion: The worst of the FUD has passed, and traders are slowly getting more rational. A little jolt would be in order. Just a breakout of the current triangle should be enough, followed by a second pattern that relies on the current pattern as part of its formation. But there are no guarantees, only probabilities. The crux is that the levels Money Man drew are allowing for these changes to the storyline. Very Important to me: Please like if you appreciate the effort, Please comment and add your voice in that way, and Please follow if you see this analysis thread going somewhere you would like to know about.
PS: Quick trivia question: Why do people (those without bad knees, or other difficulties) walk in the wild wilds with a walking stick? Answer: If walking through long grass they drag it along the ground to have the snakes move out of the away (snakes do not like wasting their venom and can “hear” the dragged stick approaching) and when walking through bush they carry it to break the spiderwebs and push thorny branches out the way. All ensuring they have space between themselves and the potential dangers. In trading (yes, those who follow me will know) you must try and stay away from price. Price is dangerous as being too close turns on the adrenaline and causes the amygdala to block rational thought.
Conclusion: The worst of the FUD has passed, and traders are slowly getting more rational. A little jolt would be in order. Just a breakout of the current triangle should be enough, followed by a second pattern that relies on the current pattern as part of its formation. But there are no guarantees, only probabilities. The crux is that the levels Money Man drew are allowing for these changes to the storyline. Very Important to me: Please like if you appreciate the effort, Please comment and add your voice in that way, and Please follow if you see this analysis thread going somewhere you would like to know about.
PS: Quick trivia question: Why do people (those without bad knees, or other difficulties) walk in the wild wilds with a walking stick? Answer: If walking through long grass they drag it along the ground to have the snakes move out of the away (snakes do not like wasting their venom and can “hear” the dragged stick approaching) and when walking through bush they carry it to break the spiderwebs and push thorny branches out the way. All ensuring they have space between themselves and the potential dangers. In trading (yes, those who follow me will know) you must try and stay away from price. Price is dangerous as being too close turns on the adrenaline and causes the amygdala to block rational thought.
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