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Topic: Triangle? (Read 1173 times)

hero member
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May 09, 2013, 11:19:50 PM
#9
In my experience on forex and stocks, symmetrical triangles follow the trend that they were formed on almost every time, and previous trend is down, so at the end of the day I'm calling it like I see it.

I decided to cash out my positions, cancel some orders and put on my tin foil hat as indicators are leading further and further into bearish territory so I expect a hard price crash to occur.

Positive news and hype has managed to keep the price from falling but this ship is about to sink.

Timeframe for the end of the world? I want to stock up on M&Ms.
legendary
Activity: 2492
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LEALANA Bitcoin Grim Reaper
May 09, 2013, 11:11:01 PM
#8
lol can you draw straight lines?
hero member
Activity: 504
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May 09, 2013, 10:12:05 PM
#7
Triangles usually point up  Grin
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Activity: 111
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Possibilities are limitless
May 09, 2013, 10:06:55 PM
#6
In my experience on forex and stocks, symmetrical triangles follow the trend that they were formed on almost every time, and previous trend is down, so at the end of the day I'm calling it like I see it.

I decided to cash out my positions, cancel some orders and put on my tin foil hat as indicators are leading further and further into bearish territory so I expect a hard price crash to occur.

Positive news and hype has managed to keep the price from falling but this ship is about to sink.
full member
Activity: 188
Merit: 102
May 09, 2013, 08:35:49 PM
#5
I know it isn't straight, but I feel we're overdue for some volatility. I have a feeling it should either be up to ~150 or down to ~100 by next week.



You're right, thanks for that.  We're about to blow one way or the other and I really hope its up!
full member
Activity: 193
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Always riding the Bull...
May 09, 2013, 08:13:07 PM
#4
I know it isn't straight, but I feel we're overdue for some volatility. I have a feeling it should either be up to ~150 or down to ~100 by next week.



I'm new to this, but I don't think your triangles are supposed to have curves.  Seems like you could make anything fit anything with curved lines.

You can do that with or without the curves...
full member
Activity: 197
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May 09, 2013, 07:59:05 PM
#3
I know it isn't straight, but I feel we're overdue for some volatility. I have a feeling it should either be up to ~150 or down to ~100 by next week.



I'm new to this, but I don't think your triangles are supposed to have curves.  Seems like you could make anything fit anything with curved lines.
hero member
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May 09, 2013, 06:35:07 PM
#2
You're just drawing the mouth of the fish. Next month you'll be drawing it's top fin.

Unless of course the fish is dead, in which case he will have flipped upside down but that doesn't change what I said.
legendary
Activity: 1246
Merit: 1077
May 09, 2013, 06:34:02 PM
#1
I know it isn't straight, but I feel we're overdue for some volatility. I have a feeling it should either be up to ~150 or down to ~100 by next week.

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