It seems to be forming harmonics inside this descending triangle but I would not really expect this leg up to play out as most descending triangles break to the downside. However if someone is in a position already or this thing breaks to the upside, the red would be my target.
I AM NOT A FINANCIAL ADVISER, DO YOU OWN RESEARCH!
I AM NOT A FINANCIAL ADVISER, DO YOU OWN RESEARCH!
Note
THE GREEN LINE could possibly be the downside, if it holds, would complete a deep crab formation
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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.