Descending triangle that did not totally break to the upside. Top line slopes down and bottom line virtually flat.
Price is sitting on the former resistance line of the triangle which is now support.
On monthly timeframe there is a large Doji/indecision
No recommendation/Throwback as this turned back down shortly after breakout. Throwbacks can hurt performance.
Price is sitting on the former resistance line of the triangle which is now support.
On monthly timeframe there is a large Doji/indecision
No recommendation/Throwback as this turned back down shortly after breakout. Throwbacks can hurt performance.
Note
spells issues as a rule
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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.