re: descending triangle..just off topic chat this post is a pretty good barometer of how far TA has now come in general acceptance as a trading tool.
Wasn't that long ago on this forum that some brilliant chartists bailed , being sick of ignorant criticism as a payment for there generosity.
ACouch Rembrandt an Alphacenturian are some more seldom seen these days , mores the pity...
Never a matter of ego as is the case with so many young male posters these days...
cy7 has written the definitions of this pattern for us all to observe, there are plenty of websites which cover the % probabilities of the various triangle patterns outcomes.
interesting debate on spec stocks TA compliance
T4P's FA/TA mix makes most sense imo..
enjoying and learning from the debate
not the abuse
thanks.
PS charting critics "witch hunters" would be interested in this sites.. Members "Futures" Forum...
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descending triangle, page-32
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