I didn't see this before but it is significant. Price action printed two consecutive equilibrium patterns. An equilibrium pattern is a ringing pattern that fits inside a symmetrical triangle. They tend to break up, but alternate if they are in series. The last equilibrium pattern broke up and reached it's measured move perfectly. So according to the alternate rule, this equilibrium pattern should breakdown with a measured move to 6k.
I have demonstrated alternate breakout of equilibrium patterns in a previous idea.
The lesson learned today, is to scan for all possible patterns. And some pattern are more reliable than others. Rising and falling wedges are the most reliable and so is the equilibrium pattern.
I have demonstrated alternate breakout of equilibrium patterns in a previous idea.
The lesson learned today, is to scan for all possible patterns. And some pattern are more reliable than others. Rising and falling wedges are the most reliable and so is the equilibrium pattern.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.