DislikedThanks for the analysis Chris, makes perfect sense. I think Pring calls it “Minimum Ultimate Downside Objective" for rectangles, but I didn't remember it applied to Triangles as well. It's very cool how it converges with s/r - equilibrium line.
It's great how Silent Service makes me understand how to use Pring in practice, as it's not enough to just read the books and watch his videos really. This thread is magic. Nice one.
ps thanks also to centaure and calderon for their replyIgnored
I cannot remember if Pring does triangles like this - but I know many others do. That's the thing about trading and reading.....after enough time - it becomes a blur. lol
Chris