Triangles

Question 1

What is a Triangle & and what is the minimum requirement?

Answer 1

Question 2

TRUE or FALSE a Triangle often is a Final Flag?

Answer 2

TRUE

Question 3

a Triangle is a Type of TTR

Answer 3

a Triangle is a Type of TTR

Question 4

What is an Ascending Triangle?

Answer 4

An Ascending Triangle has a bull trend line below and a mostly horizontal top, it is in BOM(due to it lasting 20+ Bars) & there is a 50% chance the 1st BO will fail

Question 5

What is a Descending Triangle?

Answer 5

A Descending Triangle has a Bear Trend Line on Top and a mostly horizontal line on the bottom, it is in BOM(due to it lasting 20+ Bars) & there is a 50% chance the 1st BO will fail

Question 6

Is a Triangle always in BOM?

Answer 6

Yes, there is an equal chance of BO up or down due to the triangle lasting 20+ Bars

Question 7

Is a Wedge a Type of Triangle?

Answer 7

Yes, it is a type of Diagonal Triangle

Question 8

It does not matter if you cannot if you cannot differentiate between a wedge or a triangle as they are both in BOM so it does not matter which one you use

Answer 8

It does not matter if you cannot if you cannot differentiate between a wedge or a triangle as they are both in BOM so it does not matter which one you use

Question 9

a Triangle or a Wedge can both be a Reversal Pattern or a Continuation Pattern

Answer 9

a Triangle or a Wedge can both be a Reversal Pattern or a Continuation Pattern

Question 10

a Triangle can be a TOP (Reversal)

Answer 10

a Triangle can be a TOP (Reversal)

Question 11

Can a Triangle have 7 or 9 Legs?

Answer 11

Yes it can but the premise of the Triangle still remains the same it is in BOM

Question 12

Can a Triangle be a Reversal Pattern instead of a Bear Flag?

Answer 12

Yes it can, the market has several attempts of Bear BO failing and becoming weaker and weaker

Question 13

a Triangle is an alternate way to count legs

Answer 13

a Triangle is an alternate way to count legs

Question 14

Triangle Bull Flag

Answer 14

Triangle Bull Flag

Question 15

Triangle Bear Flag

Answer 15

Triangle Bear Flag

Question 16

The worst a Triangle Pattern looks, the less reliable they’re

Answer 16

The worst a Triangle Pattern looks, the less reliable they’re

Question 17

Expanding Triangle (ET) - All-Big Ones are MTRs. Whenever I have an Expanding Triangle either the 2nd or 4th leg always breaks a TL and tests MA

Answer 17

Expanding Triangle (ET) - All-Big Ones are MTRs. Whenever I have an Expanding Triangle either the 2nd or 4th leg always breaks a TL and tests MA

Question 18

Small Expanding Triangle (ET) - usually only Minor Reversal

Answer 18

Small Expanding Triangle (ET) - usually only Minor Reversal

Question 19

Trend Reversal, is it Major or Minor?

Answer 19

Minor Reversal (See Chart Below)

Question 20

Trend Reversal, Many ways to Describe Top

Answer 20

Trend Reversal, Many ways to Describe Top

Question 21

Nested Expanding Triangles (This nested expanding Triangle increasing the chances of a MTR for the Bears)

Answer 21

Nested Expanding Triangles (This nested expanding Triangle increasing the chances of a MTR for the Bears)

Question 22

Can an Expanding Triangle (ET) Grow?

Answer 22

Yes it can grow, am ET Top grows and often follow ET Bull Flag

Question 23

ET Protective Stop and Profit Target (Minimum objective is the Top of the Triangle or another clearly identifiable Target)

Answer 23

ET Protective Stop and Profit Target (Minimum objective is the Top of the Triangle or another clearly identifiable Target)

Question 24

The better a pattern looks the more it will behave you it expect it to behave and vice versa.

Answer 24

The better a pattern looks the more it will behave you it expect it to behave and vice versa.

Question 25

Bad looking Patterns are useless because no one uses them

Answer 25

Bad looking Patterns are useless because no one uses them