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This triangle on NG, is it the bulls getting weaker on the bounce or the bears getting weaker? which way is it likely to break? should break this report day by the looks of things
now, if I knew that, I probably wouldn't be posting comments on Bouraq's blog. I do know it is safest to wait and play after the breakout, but be careful as sometimes the initial move is a headfake.
If it breaks down it's a nice short but only to cover quickly. The reason is that it is very choppy and I reckon it will stay like this for a while until the blue channel breaks up.
yes, that's line making a potential triangle -- thank you for adding it, Bouraq!
ReplyDeleteTHANK YOU very much for your charts!
ReplyDeleteThis triangle on NG, is it the bulls getting weaker on the bounce or the bears getting weaker? which way is it likely to break? should break this report day by the looks of things
ReplyDeletenow, if I knew that, I probably wouldn't be posting comments on Bouraq's blog. I do know it is safest to wait and play after the breakout, but be careful as sometimes the initial move is a headfake.
ReplyDeleteLol thx for the quick reply Geraldine, good point and lol again, any guidance as to support and resistance AFTER the breakout?
ReplyDeleteoh its ok, that would be the blue lines thx
ReplyDeleteIf it breaks down it's a nice short but only to cover quickly. The reason is that it is very choppy and I reckon it will stay like this for a while until the blue channel breaks up.
ReplyDeleteYou're welcome Mark.
ReplyDeleteSweet thx for the advice !!!,
ReplyDeleteI don't want to try to pick the bottom of this bottomless pit. No clear picture for me yet.
ReplyDelete