In the big picture this does look like a long and drawn out Descending Triangle which is a neutral pattern until a trendline is broken.
V broke up from a Symmetrical Triangle that is inside the descending triangle.
So far V has not surpassed the top trendline of the bigger triangle.
No recommendation
V broke up from a Symmetrical Triangle that is inside the descending triangle.
So far V has not surpassed the top trendline of the bigger triangle.
No recommendation
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.
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.