I'm new to forex.... duh, So I'm not sure if I'm doing this correct.
Since Trend lines and patterns is one of the things that the charting tools can't create for you I hope you don't mind me making this thread just to see if I have done it right?
http://img197.imageshack.us/img197/6...8826107640.png
I'm very unsure about the triangle because I'm not sure if I'm allowed to place it inside a downward trending.
Also the triangle is looking a bit ugly.. it's like, 50% symmetrical and 50% descending so I'm guessing it will breakout downwards but if it doesn't it will likely breakout from the downward trend that the triangle is inside?
The thing that makes this triangle really perfect right now is that the last candle inside it is a spinning top so I'm guessing the breakout is going to be the next candle.. right?
Also if I have more questions later about trend lines and patterns should I make a new thread or continue posting them in this thread?
Since Trend lines and patterns is one of the things that the charting tools can't create for you I hope you don't mind me making this thread just to see if I have done it right?
http://img197.imageshack.us/img197/6...8826107640.png
I'm very unsure about the triangle because I'm not sure if I'm allowed to place it inside a downward trending.
Also the triangle is looking a bit ugly.. it's like, 50% symmetrical and 50% descending so I'm guessing it will breakout downwards but if it doesn't it will likely breakout from the downward trend that the triangle is inside?
The thing that makes this triangle really perfect right now is that the last candle inside it is a spinning top so I'm guessing the breakout is going to be the next candle.. right?
Also if I have more questions later about trend lines and patterns should I make a new thread or continue posting them in this thread?