Trading Triangles: Part Two
At Target One of the Daily Triangle 50% of the position is closed.
It would then be logical to assume Price would drop by 50% of the move from Entry.
Price did not drop by 50% and instead began to form a new Triangle pattern.
Dropping to a lower time frame (4H) we can see the process begin to repeat itself.
Targets One and Two for the 4H Triangle are shown below.
It would then be logical to assume Price would drop by 50% of the move from Entry.
Price did not drop by 50% and instead began to form a new Triangle pattern.
Dropping to a lower time frame (4H) we can see the process begin to repeat itself.
Targets One and Two for the 4H Triangle are shown below.
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