BTC Triangle projection and CME gaps
Updated
long term bullish
Once the contractive triangle is completed, the price must make a “thrust” that should be greater than or equal to 75% of the largest internal segment. On the other hand, this movement should not exceed 125% of the most extended triangle segment.
The following figure shows two cases. In the first, we see that wave A is the most extended segment of the contracting triangle after wave E is completed. The thrust can reach between 75% and 125% of wave A.
forex.academy/analyzing-the-triangle-pattern-intermediate-level-part-2/
CME gap unfilled 9600-9900
Once the contractive triangle is completed, the price must make a “thrust” that should be greater than or equal to 75% of the largest internal segment. On the other hand, this movement should not exceed 125% of the most extended triangle segment.
The following figure shows two cases. In the first, we see that wave A is the most extended segment of the contracting triangle after wave E is completed. The thrust can reach between 75% and 125% of wave A.
forex.academy/analyzing-the-triangle-pattern-intermediate-level-part-2/
CME gap unfilled 9600-9900
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