bigger triangle? or fall to 41300? i think it is whipsaw.
Updated
bigger triangle chart pattern? or fall to 41300?
The next 4 hour candle will decide.
as you see, small triangles target point is 43700(tp1) and 41300.(tp2)
i bought position short at 45400.( below small triangle test line)
and l just chaged position to long at 43800.(tp1)
if next 4 hour candle is green and above 44200,The price is likely to rise to 46800 ( top line of the big triangular chart)
if next 4 hour candle is red and below 44200, i predict price is likely to fall to 41300. (tp2 of small triangle chart)
so i have position long at 43400 and wait next candle.
stop loss 43500.( i think if price go below 43500, then next 4hour cadle is likely red candle.)
The next 4 hour candle will decide.
as you see, small triangles target point is 43700(tp1) and 41300.(tp2)
i bought position short at 45400.( below small triangle test line)
and l just chaged position to long at 43800.(tp1)
if next 4 hour candle is green and above 44200,The price is likely to rise to 46800 ( top line of the big triangular chart)
if next 4 hour candle is red and below 44200, i predict price is likely to fall to 41300. (tp2 of small triangle chart)
so i have position long at 43400 and wait next candle.
stop loss 43500.( i think if price go below 43500, then next 4hour cadle is likely red candle.)
Note
and price go back to 44200. I still have the long.
and wait next 4 hour candle. if candle is below 44200 i sell long position.
if candle is above 44200, i hold it until stop loss.
Note
stop loss
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