hi blackadler
i have used the candle on 30/12 as the base of the triangle, this had a low of 8.7c
this candle seems to be setting a trend line, if i look to buy any more it would be right on the trend line. bought at 22c as 1 step over the gap and close to trend line.
the high on 29/1 was 42c.
this triangle seems to be zeroing in on about 24.5c
42c - 8.7c = 33.3c added to 24.5c is 57.8c, call it 58c
all just charting maths and the top line of the triangle isn't set until we have confirmation candles, just using existing candles.
this can be sort of a moving break out target until pattern set in stone.
not investment advice folks, dyor etc.
hi blackadleri have used the candle on 30/12 as the base of the...
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