GBPJPY Beyond Technical
Alright, this doesn't give as precise points as my previous BTC analysis and it is larger in scale. That's because the third bond is currently developing and going in a different direction compared to other bonds. We are facing triangles that get smaller compared to my BTC analysis, which inevitably leads to intersection and inverted triangles. If the third bond enters the field before the intersection, it may redraw the triangle pattern, albeit on a small scale. My guess is that the trend will continue upwards and will cut the intersection into an inverted triangle pattern. The inverted triangle works like the previous triangles, but you need to change the position of the round patterns.
Also, notice that half of the round patterns can be symmetrical compared to the other identical pattern, as in the yellow round patterns in this analysis. If you remember, in my previous BTC analysis, there was a similar situation in one of the circles.
I use this analysis method to develop different perspectives. Do not take the points given in the graph exactly, but you can use the idea given by the analysis.
Also, notice that half of the round patterns can be symmetrical compared to the other identical pattern, as in the yellow round patterns in this analysis. If you remember, in my previous BTC analysis, there was a similar situation in one of the circles.
I use this analysis method to develop different perspectives. Do not take the points given in the graph exactly, but you can use the idea given by the analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.