I just found this old chart in the stored list. The solid blue lines represent an Ascending Triangle I was managing early last year. In fact, the orange oval represented a point where a potential breakout was noted, before failure and retest of the lower line of the Triangle. Isn't that the way markets always seem to work, testing your soul before ultimately making a move for real?
Today, Au-Euro has broken out of something of a Symmetrical Triangle, which would of course be a 'continuation' pattern just like the Ascending one. It is now testing the souls and commitment of market players. Casino patrons will be weeded out and people with a longer term plan will remain alert for the next trend.
Don't you just love the markets? You have got to.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Today, Au-Euro has broken out of something of a Symmetrical Triangle, which would of course be a 'continuation' pattern just like the Ascending one. It is now testing the souls and commitment of market players. Casino patrons will be weeded out and people with a longer term plan will remain alert for the next trend.
Don't you just love the markets? You have got to.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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