The pattern shown on my weekly chart above is an (arguable) RABT or
Right Angle Broadening Triangle. According to Classical Charting principles,
it would carry a minimum measured target of circe 0.37.
That target is not in play from that perspective unitll it can hold above 0.22.
I am long from 0.17 and already break-even so I will give it a chance over the
next few days...
Valid perspective you have there but seldomly ook at anything less than a daily
chart (very occasionally a 4hr chart). Although I appreciate the fractal nature of
charting I have not found them to be of much use for a swing/position trader
(back when I was daytrading, I used them a lot more).
All the best.
SKF, page-3
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Price($) | Vol. | No. |
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