Everyone is thinking the same thing here: there's a triangle and it points to the moon (upward). If we corroborate with other relevant charts (looking at BTC), I'm not feeling 100% but OK.
So, instead of hoping and praying, let's use basic timing zones to test hypothesis that the observed triangle is indeed a triangle. If these tests pass, then we know how fast the price should move! If the timing tools show "no triangle", then it's probably not a triangle. (Be wary the false triangle.) In the event of broken triangle, expect to bounce of Bill Williams Daily Alligator (BLUE) before proceeding. (See Williams Alligator set to "Daily")
If you are new, please be advised that this a dangerous place. Patterns indicate clearly that a sharp sideways corrective is due.
So, instead of hoping and praying, let's use basic timing zones to test hypothesis that the observed triangle is indeed a triangle. If these tests pass, then we know how fast the price should move! If the timing tools show "no triangle", then it's probably not a triangle. (Be wary the false triangle.) In the event of broken triangle, expect to bounce of Bill Williams Daily Alligator (BLUE) before proceeding. (See Williams Alligator set to "Daily")
If you are new, please be advised that this a dangerous place. Patterns indicate clearly that a sharp sideways corrective is due.
