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Title: Triangle? Post by: dree12 on May 09, 2013, 11:34:02 PM 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.
https://i.imgur.com/MgwgkGP.png Title: Re: Triangle? Post by: Matthew N. Wright on May 09, 2013, 11:35:07 PM 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. Title: Re: Triangle? Post by: ScrapOfCat on May 10, 2013, 12:59:05 AM 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. https://i.imgur.com/MgwgkGP.png 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. Title: Re: Triangle? Post by: DavidBAL on May 10, 2013, 01:13:07 AM 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. https://i.imgur.com/MgwgkGP.png 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... Title: Re: Triangle? Post by: redwraith on May 10, 2013, 01:35:49 AM 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. https://i.imgur.com/MgwgkGP.png You're right, thanks for that. We're about to blow one way or the other and I really hope its up! Title: Re: Triangle? Post by: ironstove on May 10, 2013, 03:06:55 AM 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. Title: Re: Triangle? Post by: Zaih on May 10, 2013, 03:12:05 AM Triangles usually point up ;D
Title: Re: Triangle? Post by: smoothie on May 10, 2013, 04:11:01 AM lol can you draw straight lines?
Title: Re: Triangle? Post by: fitty on May 10, 2013, 04:19:50 AM 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. |
