This graph shows the symmetry of the triangle, but it is confirmed by the coincidence of the two methods to measure the gain, using the value of the base and projecting it towards the trend movement. The other method is extending a line parallel to the lower side of triangle, which goes in the direction of the trend, the point of encounter with the width of the...
This indicator is a moving average that shows the trend of the price, the periods means that number of candles is averaged from the one that is currently, backwards. In the case of this apple chart, there are two average to show that the shorter period approaches candles, Yellow line (9 periods) and the blue line of the average of 26 periods.
Description of a pattern on a 30-minute chart of the Netflix stock, whose take profit should have been 2.30%.
However, the price continued its rise and its highest level where it is lateralized, and coincides with the sale hammer candle, the minimum price is the take profit that actually happened, which was 4.98%.
There are two possible explanations: 1) it is...
By both methods the same gain is observed if the operation is mounted in short:
1) the size of the base of the triangle is the gain from the sail that breaks the lower line.
2) by extending a line parallel to the line that is in favor of the trend, in this case it is the upper line and just crosses the vertical line of the movement of the trend starting from the...
