In an attempt to trick the uploader... I'm pasting the image that I wanted to show a few days ago onto a word document.
The first illustration refers to a fake triangle breakout to upside. Notice how hard it breaks down after it passes the entry to the other side of the triangle.
The second illustration is to show that sometimes you have got to admit that you lost a trend and you have to wait for the pullback. If the trend comes back in to give you another chance, odds are that the backing and filling is going to lead to consolidation or a reversal. So... pull your order and wait for another opportunity.
The first illustration refers to a fake triangle breakout to upside. Notice how hard it breaks down after it passes the entry to the other side of the triangle.
The second illustration is to show that sometimes you have got to admit that you lost a trend and you have to wait for the pullback. If the trend comes back in to give you another chance, odds are that the backing and filling is going to lead to consolidation or a reversal. So... pull your order and wait for another opportunity.
