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On October 15, relevant data showed that the growth rate of M1 has rebounded significantly in recent months, and the M1-M2 gap has narrowed significantly since the beginning of this year, reflecting positive signals such as the increase in corporate production and operation activity and the recovery of personal investment and consumption demand.On October 15th, Michiel Tukker, senior European interest rate strategist at ING Bank, stated in a report that despite the recent decline in US Treasury yields, ING Bank still maintains its view that Eurozone yields should remain at current levels, or even rise slightly. He pointed out that German government bonds have outperformed interest rate swaps in the past few days, reflecting the markets demand for safe assets. "As one of the few safe-haven assets that still holds a AAA rating, German government bonds are expected to perform strongly if market risk sentiment deteriorates significantly." However, Tukker added that if US Treasury yields fall sharply, "it will undoubtedly force German government bonds and swap rates to test lower levels."Russias Defense Ministry said Russian forces attacked Ukrainian energy infrastructure facilities overnight.Russias Ministry of Defense said Russian troops have captured the Oleksiyivka settlement in Ukraines Dnipropetrovsk region.Central Bank: At the end of September, the balance of broad money (M2) was 335.38 trillion yuan, an increase of 8.4% year-on-year. The balance of narrow money (M1) was 113.15 trillion yuan, a year-on-year increase of 7.2%. The balance of currency in circulation (M0) was 13.58 trillion yuan, an increase of 11.5% year-on-year. Net cash injection in the first three quarters was 761.9 billion yuan.

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.

 

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