Price action printing a bearish descending triangle in a downtrend and in a descending channel. Price action coming to the end of the triangle in a few days. Many gaps needs to be filled below. Reminiscent of February 2020.
Note
Fakeout from the triangle breakdown followed by a breakout from the midchannel. Hit the the upper channel to a t. New gap formed. Remains to be seen if it will be filled and PA will seek lower liquidity
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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.