I sure hope not, but hope isn't a good investment strategy.
There was a descending triangle on a smaller time frame that broke to the downside but quickly regained traction to end up playing out as a bull flag.
It would be nice to see this turn out as a giant bull flag or ascending triangle, but those red candle sticks look hella bearish..
Time will tell per usual.
There was a descending triangle on a smaller time frame that broke to the downside but quickly regained traction to end up playing out as a bull flag.
It would be nice to see this turn out as a giant bull flag or ascending triangle, but those red candle sticks look hella bearish..
Time will tell per usual.
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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.