My theory is triangles represent Hurst cycles shifted in phase in relation to each other. Bulls fight vs Bears - winning team attracts members of the losing team and new uniform cycle is formed. That's why triangles produce strong moves. Opposition becomes trend members out of fear of being left behind.
Triangles on oscillators usually produce strong moves after breakout
Is it possible that 2001 through was a through of 16,32 and 64 years cycle as well???
After breakout this pattern touches back breaking line - usually. But this would mean strong pattern DOWN
Break from Triangle, no mater if price or indicator usually makes strong move. Indicator usually even stronger
Looks like classic Head and Shoulders times 2 Support correspond with Fibonacci level Look at falling volume But BE CAREFUL, It could be triangle as well which is going to break upwards Either way I watch it to enter trade - I learned that after heavy news, it pays to be extremely cautious
It could be wedge developing There is similar picture in AUDCNY If TYX breaks above recent High High was it 3.15 ??? or something like that? If it breaks it means there are two forces playing One Deflation in general economy Second - US Treasury bonds become RISKY!!! That's why TYX is going up FED will follow So there are two scarce commodities left on a...