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.
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I’m not sure there’s much in that Newton, the validity of that...
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$20.55 |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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1 | 213 | 20.530 |
1 | 2692 | 20.460 |
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Price($) | Vol. | No. |
---|---|---|
20.640 | 1665 | 3 |
20.670 | 244 | 1 |
20.680 | 950 | 1 |
20.720 | 1400 | 2 |
20.760 | 950 | 1 |
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