I DO NOT KNOW ANY SORT OF ANALYSIS, I JUST DREW THIS TRIANGLE A COUPLE DAYS AGO AND IT HAPPANS TO BE FOLLOWING IT PERFECTLY.
i have no idea how this will play out, the idea of capitulation is being thrown around with the fomc announcement tomorrow / in may so downside like this is possible, but saying that i think it will be quick and we will see new high after this, either after may or sometime after July.
please do not follow this chart, i just drew the triangle and it has followed so im only posted so i can see if it played out or not.
i have no idea how this will play out, the idea of capitulation is being thrown around with the fomc announcement tomorrow / in may so downside like this is possible, but saying that i think it will be quick and we will see new high after this, either after may or sometime after July.
please do not follow this chart, i just drew the triangle and it has followed so im only posted so i can see if it played out or not.