ERUCAD Contracting & Expanding Triangles Doubles
Observation:
1 - Price action reach 1.403999 shortage zone, allot of buyers bought in this zone because they think the price is cheap.
2 - Consolidation at 50% then resume to reach Surplus at 1.60836
3 - Price action test dynamic support of the contracting triangle
4 - Price action makes new dynamic resistance
5 - Price breakout at 1.4296
6 - Price continues to test new dynamic support
Probability
Price action goes down to test dynamic support of the expanding triangle
1 - Price action reach 1.403999 shortage zone, allot of buyers bought in this zone because they think the price is cheap.
2 - Consolidation at 50% then resume to reach Surplus at 1.60836
3 - Price action test dynamic support of the contracting triangle
4 - Price action makes new dynamic resistance
5 - Price breakout at 1.4296
6 - Price continues to test new dynamic support
Probability
Price action goes down to test dynamic support of the expanding triangle