(4/2/18) BTS - Spread Triple Top Formation

in #bts6 years ago

Bullish Divergence indicator Triple Top forming on BTS.

The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and 0.194

We seem to be in the clear and out of resistance but as a rule, I will wait for the signal to be confirmed before making a trade.

These are Point & Figure charts, they only take price movement into consideration and not time (unlike candlestick charts).