EUR/RUB Symmetrical triangle. Trends Reversal zones.

23 févr. 2020

On the graph, we see a symmetrical triangle that has been forming since 2014.

A symmetrical triangle is a figure of uncertainty. The percentage of up / down in the ratio of 50/50. The price is clamped. This year will be the denouement of the global movement.

Now the price is in a downward channel, have come close to the trend line of the triangle (green line), which will act as a support.

Pay attention to the main trend and secondary trends. I graphically depicted. Particular attention to the main trend (orange trend line), not paying attention to the local downtrend now, we are in an uptrend.

Breaking down a downtrend secondary trend (triangle resistance, red line) will mean a reversal of the local downtrend and the formation of a new uptrend. The full development of the potential of this triangle is 90%.

All the pivot zones on which the formation of one or another potential movement and target depends, I showed on the chart.

4 mars 2020

Note

8 mars 2020

Trade fermée: cible de profit atteinte

2 target +18%

9 mars 2020

Trade fermée: cible de profit atteinte

After 10 days, a profit of 26%.
movement continues to 3 target

29 mars 2020

Trade fermée: cible de profit atteinte

The situation is now.
2 target achieved + 32%

21 sept. 2020

Note