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EOS Pattern testing. Barrier Triangles
this is for some chart pattern data only.
Im not really looking to long or short here. I may short if we pump up from here in a 3 wave manner.
what I am looking for is to see which way this breaks based on this pattern
Usually it should go down because the trend is down I THINK.
but it could break up and instead of trading this unknown area. I rather just sit back and look. and keep this in my notes for future reference
The thing is we have a pivot or a low point at the orange circle.
then I see this form afterwards. so I am assuming the first point will be to the bottom... so A on the bottom is what Ia am favoring. But Ive seen this go both ways before.
will it go up or down? lets find out.
Im not really looking to long or short here. I may short if we pump up from here in a 3 wave manner.
what I am looking for is to see which way this breaks based on this pattern
Usually it should go down because the trend is down I THINK.
but it could break up and instead of trading this unknown area. I rather just sit back and look. and keep this in my notes for future reference
The thing is we have a pivot or a low point at the orange circle.
then I see this form afterwards. so I am assuming the first point will be to the bottom... so A on the bottom is what Ia am favoring. But Ive seen this go both ways before.
will it go up or down? lets find out.
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So I will add this to the list of patterns and their actions.it really does look like it was suppose to break up... I doubt this will go far but may take half of the previous decline.
good to know. On to the next one!
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