I’m not sure there’s much in that Newton, the validity of that sort of pattern producing any meaningful indication is a pretty low % IMO.
But then you’re probably asking the wrong guy as I’m not a fan of any drawn in diagonal as I believe they carry less weight and get drawn in to suit bias’s.
I’ll only use a diagonal on an ascending triangle as I have had a fair bit of success with plus they can’t be distorted by bias’s.
I like fully understanding and trusting a proven set of indicators that I don’t have to mess with, let the price action produce the technicals not whims from us silly chartists.
Cheers.
I’m not sure there’s much in that Newton, the validity of that...
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