• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 26th, it was reported that in July, total electricity consumption in China exceeded 1 trillion kilowatt-hours again, with electricity consumption for internet data services increasing by 40% year-on-year. Computing power is becoming a significant source of new electricity consumption. In August, the peak electricity load of a smart computing center in Changshu, Jiangsu Province, increased by over 70% compared to the same period last year. The peak electricity load of the computing power industry reached 200,000 kilowatts, accounting for approximately 4.1% of the citys total electricity load. The State Grid Changshu Power Supply Company stated that the computing power industry contributed nearly half of the citys increased electricity load, accounting for approximately 49%, reflecting that computing power load is gradually replacing seasonal air conditioning load as the core driver of electricity consumption growth this summer. In July, the electricity consumption of 106 computing power centers in Jiangsu Province exceeded 1.3 billion kilowatt-hours, a year-on-year increase of 31%, with supercomputing and smart computing centers accounting for over 80% of the total.Dubai International Airport (DISA) reported on August 26 that passenger traffic fell by nearly a third in the first half of the year due to disruptions caused by the war in Iran, but expects demand to recover in the second half. DISA stated that passenger traffic reached 13 million in the second quarter, bringing the total for the first half of the year to 31.5 million. Despite a rebound in traffic in May and June, first-half traffic was still 31% lower than the record level set in the same period last year. The war in Iran has led to a global readjustment of air routes, repeatedly disrupting DISA. In May, the airport announced it had postponed its target of 100 million annual passengers by one year due to the significant drop in passenger traffic. Major Middle Eastern airlines Emirates, Qatar Airways, and Etihad Airways have all reduced operations and adjusted their international route networks to accommodate increased travel demand during the war. Several European airlines have also suspended flights to multiple destinations in the region and avoided the airspace of several Gulf states.August 26th - According to the Guangdong Branch of the General Administration of Customs, in the first seven months of this year, the import and export volume of comprehensive bonded zones (including cross-border industrial zones and bonded areas) in Guangdong Province reached 1.05 trillion yuan, a year-on-year increase of 32.3%, setting a new record for the same period in history and surpassing the trillion-yuan mark two months earlier than last year. While Guangdongs foreign trade has exceeded one trillion yuan for two consecutive months, the provinces comprehensive bonded zones continue to play a driving role, contributing 23.3% to Guangdongs foreign trade growth in the first seven months of this year.On August 26th, it was reported that on August 25th, the first cross-border highway shuttle service along the Western Land-Sea New Corridor successfully completed a trial run of documents compatible with the United Nations Convention on Transferable Documents of Goods. This cross-border highway shuttle, fully loaded with general-purpose equipment and other goods, departed from the Chongqing Nanpeng Bonded Logistics Center, crossed the border at the Friendship Pass, and headed directly to Vietnam, covering a distance of approximately 1400 kilometers. This trial run, based on the United Nations Convention on Transferable Documents of Goods, marks a significant leap forward in the transformation of cross-border highway transport documents into documents of title.Slovakian power company said that Unit 3 of the Mohawkwice nuclear power plant has been reconnected to the grid after a shutdown for fuel replacement.

Triangle Chart Patterns(1)

Jason Douglas

Oct 25, 2021 13:27

 

Symmetrical Triangle

The price fluctuates up and down and the rising high is lower than the previous one, and the falling low is higher than the previous one. Price movements become narrower and narrower,that shaped a symmetrical triangle.


tr1.jpg

 

How to trade in a symmetrical triangle?

Draw a trendline of three swing highs and three swing lows of the symmetric triangle.

We can Buy when the price breakouts above the upper trendline, or short Sell when the price drops below the lower trendline of the symmetrical triangle.  And place the loss stop at the recent swing high or swing low.

tr2.png

The profit target is the height of the symmetrical triangle pattern. We can subtract the first falling low price from the first rising high price of the pattern. This gives us the height of the pattern, also the profit space.

tr3.png

 More Triangle Chart Pattern see "Triangle Chart Pattern (2) " & "Triangle Chart Pattern (3)" in master skills.