The weekly linear symmetrical triangle truncated

Oct 4

I wanted to post thesame triangle I posted in the previous idea,but instead of starting the top trendline from the ath in 2018 starting it from the second highest wick.I think both are valid but wanted to give this one its own separate chart since in doing so it makes both the top trendline of the triangle and the bottom have a more similar length and also gives me a easy red ,ove line that is tilted forward which could be useful should the dotted measured ove line start to act as additional support or resistance along the way to the target. Once again as I said in the previous idea, no breakout has been confirmed of this in ear triangle pattern just yet, but the current weekly candle is holding wick support exactly on the top trendline currently which is an optimistic sign. Still completely possible it loses that support but for now it seems post worthy so I can keep a close eye on it. *not financial advice*

Oct 4

Note

The breakout target for the slightly more truncated triangle is $2.38 (if it validates the current breakout point.)

Nov 19

Note

I’d say if you click play on this it’s pretty safe to say it’s validated the breakout.

Nov 25

Note

About halfway to the target.

Nov 30

Trade active

About 2/3rds of the way to the target now.

Dec 2

Trade closed: target reached

Target hit!!