Triangle consolidation
Triangle consolidation occurs due to the confrontation of different time frame conversion lines.
In such cases, there is a tendency to break towards the main trend of the larger time frame.
Moreover, just before the break, there are frequent momentary breaks in the opposite direction, known as "damaishi", which intend to encourage trading activity by giving followers of potential short-term trends the confirmation of a break.
Therefore, it is better to buy at the point where the trend clearly emerges, even if it means giving up on the small speculative profits.
In situations like these, it feels good to place a limit order at +5 yen assuming the resistance will be surpassed by a significant price movement.
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火拳のエース OP : As a supplement, the conversion line and Bollinger Bands are similar movements, so if you take into account the current state of the market with +1 to 0 to -1, you can more flexibly understand how the current price movement is created.
182529392 火拳のエース OP : Does that mean it's up today? lower?
I lost my money
火拳のエース OP 182529392 : It's been salted for a long time nowSince it is mainly a cheap price point trading centerIt is difficult to predict the lower limit with certainty.
The baseline for this riseSince it's an upward trend from January 2023unless a fatal economic collapse occursThere seems to be an increase in the number of horizontal ranges
I think it will be somewhere around 39,600 within the next 2 to 3 business days.