Triangles Flashcards
What is a Triangle & and what is the minimum requirement?
TRUE or FALSE a Triangle often is a Final Flag?
TRUE
a Triangle is a Type of TTR
a Triangle is a Type of TTR
What is an Ascending Triangle?
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
What is a Descending Triangle?
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
Is a Triangle always in BOM?
Yes, there is an equal chance of BO up or down due to the triangle lasting 20+ Bars
Is a Wedge a Type of Triangle?
Yes, it is a type of Diagonal Triangle
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
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
a Triangle or a Wedge can both be a Reversal Pattern or a Continuation Pattern
a Triangle or a Wedge can both be a Reversal Pattern or a Continuation Pattern
a Triangle can be a TOP (Reversal)
a Triangle can be a TOP (Reversal)
Can a Triangle have 7 or 9 Legs?
Yes it can but the premise of the Triangle still remains the same it is in BOM
Can a Triangle be a Reversal Pattern instead of a Bear Flag?
Yes it can, the market has several attempts of Bear BO failing and becoming weaker and weaker
a Triangle is an alternate way to count legs
a Triangle is an alternate way to count legs
Triangle Bull Flag
Triangle Bull Flag
Triangle Bear Flag
Triangle Bear Flag
The worst a Triangle Pattern looks, the less reliable they’re
The worst a Triangle Pattern looks, the less reliable they’re
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
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
Small Expanding Triangle (ET) - usually only Minor Reversal
Small Expanding Triangle (ET) - usually only Minor Reversal
Trend Reversal, is it Major or Minor?
Minor Reversal (See Chart Below)
Trend Reversal, Many ways to Describe Top
Trend Reversal, Many ways to Describe Top
Nested Expanding Triangles (This nested expanding Triangle increasing the chances of a MTR for the Bears)
Nested Expanding Triangles (This nested expanding Triangle increasing the chances of a MTR for the Bears)
Can an Expanding Triangle (ET) Grow?
Yes it can grow, am ET Top grows and often follow ET Bull Flag
ET Protective Stop and Profit Target (Minimum objective is the Top of the Triangle or another clearly identifiable Target)
ET Protective Stop and Profit Target (Minimum objective is the Top of the Triangle or another clearly identifiable Target)
The better a pattern looks the more it will behave you it expect it to behave and vice versa.
The better a pattern looks the more it will behave you it expect it to behave and vice versa.
Bad looking Patterns are useless because no one uses them
Bad looking Patterns are useless because no one uses them
