Short
Symmetrical Continuation Triangle, bounce down expected
Given we are in downtrend, I expect it to hit the upper side and bounce down then keep going back down.
Triangle is quite valid, was hit many times.
Continuation triangles are known as continuation as opposed to reversal patterns. The bigger trend seems to be down. But then again, do we take 2 months or 1 year as the grander trend?
I guess we will find out.
Triangle is quite valid, was hit many times.
Continuation triangles are known as continuation as opposed to reversal patterns. The bigger trend seems to be down. But then again, do we take 2 months or 1 year as the grander trend?
I guess we will find out.
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.