compression fcuked - even thou its rising its bearish because its rising to find supply not to consume supply
awh man - screw it through and through
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Dislikedrising triangles usually spike south until they reach supply and this may appear to be bullish @first sight because itss rising but its only rising and consuming until it reaches a supply level to drop
bullflags - dip to consume supply to move further north, it dips to consume sellers @ a given supply then moves north from a demand level - much like driving, you reverse your car out the driveway only then to go forward to your destination, bullflag, although it dips its direction is north
[color=Red]Reedrunk so don't know if it made ant sense...Ignored
Dislikedred,
what i call an ascending/descending triangle is a flat top/bottom triangle putting pressure on the flat side. From what i saw, it usually breaks out on the flat side.
Compression triangles (same as rising/falling wedges, that's it ?) will not have a flat side and are pushing in a way before dropping on the other side.
Flags are continuation patterns. And price is contained in a channel.
Do we agree ?
What i see on gu m15 is clearly an ascending triangle for me. The m30 pattern is a rising wedge (also i didn't spotted it).Ignored
Dislikedrising triangles usually spike south until they reach supply and this may appear to be bullish @first sight because itss rising but its only rising and consuming until it reaches a supply level to drop
bullflags - dip to consume supply to move further north, it dips to consume sellers @ a given supply then moves north from a demand level - much like driving, you reverse your car out the driveway only then to go forward to your destination, bullflag, although it dips its direction is north
[color=Red]Reedrunk so don't know if it made ant sense...Ignored
DislikedEU triangle broken to the north. Kiwi compression didn't worked out. And I understand nothing to UJ PA ...Ignored