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Mediterranean Draw And Release

A move is setting up in $CRON and it is your decision to risk capital, either long or short. Edwards and Magee would suggest that about 3/4 of symmetrical triangles are continuation patterns of the prior trend. They would also say that it is too risky to anticipate the direction of the breakout and that we should wait for the breakout. I don’t trade like that, so I need your help in deciding which way this stock in going to break.

Up or Down? In reality it could dribble out the front tip of the triangle too but this is rare.

Gun to the head, what do you have for me?

OC

 

Posted by Trent

One Comment - Mediterranean Draw And Release

  • avatar

    Teddy Bear June 19, 2018 reply

    6.25 for me and I would go long. By the way, took some of that $wbc this morning(small position).

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