This is also in a large Descending Triangle and price is currently in a Rectangle. Both of these patterns are neutral until a trendline is broken.
A Nen-Star (crooked W drawn with white lines) is similar to a Shark or a Cypher pattern but the final leg should terminate close to the 1.272.
Valley 2 is lower than valley 1.
Targets above structures are possible only if DDOG breaks some hard resistance. This does not look likely but I never say never.
Possible targets (orange type) for the Nen-Star pattern are also on the chart and targets in orange below the structures are for a break of support.
No recommendation
A Nen-Star (crooked W drawn with white lines) is similar to a Shark or a Cypher pattern but the final leg should terminate close to the 1.272.
Valley 2 is lower than valley 1.
Targets above structures are possible only if DDOG breaks some hard resistance. This does not look likely but I never say never.
Possible targets (orange type) for the Nen-Star pattern are also on the chart and targets in orange below the structures are for a break of support.
No recommendation
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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.