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TEXAGG22

But...It was in an Descending Triangle!?!

Guld / USA-dollar (FOREXCOM:XAUUSD)  
TEXAGG22 Uppdaterad   
FOREXCOM:XAUUSD   Guld / USA-dollar
Trend Analysis Harmonic Patterns Chart Patterns Bitcoin (Cryptocurrency) BTC BTCUSD Gold AUDUSD
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trendanalysis harmonicpatterns chartpattern bitcoin btc btcusd gold audusd
Contrary to popular opinion, a descending triangle actually breaks out upwards 53% of the time. This is according to Bullkowski and his patternsite.com


Could Bitcoin be next?
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also please not, according to bullkowski, "If price rises into the pattern it breaks out upward 63% of the time."
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A new local bottom could be in, in my opinion. I am at home now but will update when I get to my computer.
Kommentera:
snapshot


here is how i see the future playing out, let us see~!
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So far, so good! Will we break out?
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