Neutral Triangle formation in Tyson
Updated
The algorithm has found a well defined triangle in the middle of a decline. This has been seen by the algorithm hundreds of times but there is not a clear percentage to know if this is more bullish or bearish.
Probably, the market is waiting for some news to decide the direction while the volatility keeps declining until everyone agrees.
The best way to trade this is just having a buy and sell orders outside of the trendlines and look for a movement of aprox. 8% in any direction. Just check round numbers, high vlume zones or sup/res to adjust your final exit price.
Probably, the market is waiting for some news to decide the direction while the volatility keeps declining until everyone agrees.
The best way to trade this is just having a buy and sell orders outside of the trendlines and look for a movement of aprox. 8% in any direction. Just check round numbers, high vlume zones or sup/res to adjust your final exit price.
Trade closed: target reached
We've finally seen a -8% movement as predicted by the triangle.
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