Fractal contracting triangle
2025-01-13
Category: None

This is the first correction outside of the wave 2 contracting triangle, and is recreating it in miniature.

My bias is that this triangle fails and price retests the top of the primary triangle. A failed minor triangle will put the willies into traders that the primary triangle will also fail.

I will be standing by trying to assess each step, and although I expect a retest, it isn’t necessary 