Jalarupa wrote:Okay, glad I'm on the right track... the fibos are courtesy of jforex I must say I find then quiet handy.
So let me try embed this...
You find a wedge - the wedge creates a triangle - the triangle gives you the angle of your pitchfork - a clone of your triangle gives you your alternating angle...
Cool, now to figure out a good way to trade it all...
Cool, now to figure out a good way to trade it all...
Trade extremes and use patterns to time your trades.
Triangles come in two flavors, a pennant and a cone, & a triangle is a channel is a fork =)
Slow angles lead to decisions whether the points of your triangle are converging or diverging.
I'd say learn to see in triangles and channels and everything else just falls into place: