Looks like a double bottom as well.
Descending triangles are a neutral pattern until price breaks a trendline with a trend in that direction.
The moving averages can use improvement but the 200, the longer term SMA is sloping up.
No recommendation
Descending triangles are a neutral pattern until price breaks a trendline with a trend in that direction.
The moving averages can use improvement but the 200, the longer term SMA is sloping up.
No recommendation
Note
A descending triangle can break to the upside or the downsideNote
Life is the scheme of things is so short/I am loving every minute of my life/I refuse to be afraid/I feel sorry for those who are living even a part of this precious life we are given in fear/but it is their right to do so )o:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.