We have the first down trend channel (red), breakout to create a new lower high to create a new channel (purple), but that channel turns to be a descending triangle, usually breaking down.
Obviously the triangle is broke to creat a new channel (yellow). The triangle has been retested.
THEN, you take the high and the low of the triangle and you see that the EXACT distance has been done after the break.
AND, the yellow channel has been broke in the way of the trend, showing a strong possible reversal.
I am long to break this channel out (yellow), with a very low risk under the low.
Obviously the triangle is broke to creat a new channel (yellow). The triangle has been retested.
THEN, you take the high and the low of the triangle and you see that the EXACT distance has been done after the break.
AND, the yellow channel has been broke in the way of the trend, showing a strong possible reversal.
I am long to break this channel out (yellow), with a very low risk under the low.
My ideas are published at first for following my journey, if you like it, it's perfect but don't assume I am right, do you own research.
Feel free to contact me and follow my twitter, the more we are, the stronger we will be!
Feel free to contact me and follow my twitter, the more we are, the stronger we will be!
