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In classic #technical_analysis, 50-50 triangle pattern we would wait for a break out to decide our reaction.. but a lot of analysts get confused when the price bars perfectly fill out a triangle before it breaks out twice Up and Down quickly!
Example ?
In classic #technical_analysis, 50-50 triangle pattern we would wait for a break out to decide our reaction.. but a lot of analysts get confused when the price bars perfectly fill out a triangle before it breaks out twice Up and Down quickly!
Example ?
Usually, this behavior means that the triangle you found is rounded by another bigger triangle or a strong [resistance/Supper/trend line] that you did not recognize!
When that happen, you should search for the resistance/support or the trend line that interrupted the break out..
There is only one signal that might help you to decide before the final breakout, but it does Not always work!!
There is only one signal that might help you to decide before the final breakout, but it does Not always work!!
The signal is the first breakout!
When it breaks up(bullish) before it rebounded then it means that it is testing the resistance and hopefully it would break it
But if breaks it down(bearish) before rebound, then it is testing the support and hopefully would break it
When it breaks up(bullish) before it rebounded then it means that it is testing the resistance and hopefully it would break it
But if breaks it down(bearish) before rebound, then it is testing the support and hopefully would break it
Again, it does not work all the time, so it is always better to buy after the final break out
Here is an example that I found today
$evx / $btc ?
Here is an example that I found today
$evx / $btc ?
$evx / $btc update…
Broke through the trend line??
Broke through the trend line??
ولا عليك امر?
@Rattibha
@Rattibha
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