what you can see here is a double fork hagopian triangle strategy (or at least what i call it), it aims to use a triangle lines as hagopian lines and use the failing fork to identify the failing side and trade in that direction, i usually find it to go at least 80% of the profit bar (which is nothing special but the triangle height).
if you don't know what hagopian is, it's a failed fork when the hagopian line ( or the trigger line or the basic trend line ) breaks, you can trade to the C or A pivot based on your risk, when combined with triangle , you basically have a confluence on your forks and a group of chart pattern traders on your side which makes the trade more probable.
Hopes this helps you make a good trade
thanks for your attention
if you don't know what hagopian is, it's a failed fork when the hagopian line ( or the trigger line or the basic trend line ) breaks, you can trade to the C or A pivot based on your risk, when combined with triangle , you basically have a confluence on your forks and a group of chart pattern traders on your side which makes the trade more probable.
Hopes this helps you make a good trade
thanks for your attention
Commento:
The swing is broken to the down-side and both of out short term targets are reached, this was done with a clear pull-back before the drop
Trade chiuso: obiettivo raggiunto:
We have reached 80% of the profit bar already so this is a Full target trade
