Price is at the support line of a large triangle.
The last leg failed to meet the top line which can be a negative indicator if one relies more on price action than indicators.
All triangles are neutral until broken with a trend in that direction. Some would say 2 closes below the line. But the market can do somersaults and make you feel like you need to go back to the drawing board )o:
Spinning top/Doji representing indecision at a support level. Time will tell.
This market as of late makes me question myself on a regular basis but all we can do is make an educated guess,
No recommendation. Possible M pattern with the 2nd leg reaching the .786 of the 1st leg up.
The last leg failed to meet the top line which can be a negative indicator if one relies more on price action than indicators.
All triangles are neutral until broken with a trend in that direction. Some would say 2 closes below the line. But the market can do somersaults and make you feel like you need to go back to the drawing board )o:
Spinning top/Doji representing indecision at a support level. Time will tell.
This market as of late makes me question myself on a regular basis but all we can do is make an educated guess,
No recommendation. Possible M pattern with the 2nd leg reaching the .786 of the 1st leg up.
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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.