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Yuki,
There are no two ways to see the graphs because
a. The percentage in both trendlines AND H&S is the same [3%]
I always keep this 3% for all Nikkei graphs in order to have the
comparison.
b. The Nikkei rising wedge IS NOT FORMATED YET.
It will appear, perhaps, if the last bar will be a peak and the next
highs fall BELOW -3% of this peak. It may happen but it may not, we
donīt know yet. This is the way the trendlines work. A peak is
recognised as a peak, as soon as prices confirm this -3% [or any
other preselected %].
The available trendlines for now are the ones in the gif, for the 3%
I use, there are no other trendlines.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi Dimitris,
>
> Friday, January 2, 2004, 5:48:46 PM, you wrote:
>
> DT> Shall the bullish resistance breakout plus the double H S
> DT> neckline bullish breakout help Nikkei to overcome the recent Jan
> DT> tradition
>
> DT> and reach the H S target [it will be 11140 in 10 trading
> DT> bars] ?
>
> DT> The first Jan bars were negative the last 3 years, but,
> DT> ...things change.
>
> Two ways to view that gif of course. One, as you've drawn, is a
> rather symmetrical triangle. Change that top trend line, however,
> and you get the deadly rising wedge.
>
> Which will it be?
>
> Best,
>
> Yuki
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