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In my opinion the downward sloping wedge is the correct use of the
trendlines as it uses the most recent peaks and troughs ...FWIW
--- In amibroker@xxxxxxxxxxxxxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx>
wrote:
> ^VIX above 21.60 gives a descending wedge, bullish warning for the
probable breakout.[upper pic.]
> Below 21.60 it is a symmetric triangle already broken 3 bars
ago.[lower pic]
> Above 22.30 [?] the bullish breakout will be a confirmed fact .
> Who said T/A life is easy ?
> Spin fishing is a better idea sometimes...
> Dimitris Tsokakis
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