MightyOne wrote:thepark wrote:MightyOne wrote:There is something about triangles that makes you fall in love with them
I understand the rationale for drawing the very first small pennant because the price action fits , but afterwards are you just moving the pennant lines down and using those lines as "something", for body in the direction of profit and wick in direction of loss?
Notice that I stopped widening the triangle where I could have reasonably drew a large pennant.
It is widened? or are you stating it wasnt widened anymore than the line that goes through 1264.30?