Hey traders,
- As you can see, the price recovery from March 11 to March 18 ( blue line ) has experienced a challenging rally, taking significantly longer than expected and still failing to fully recoup the losses from the price drop between March 9 and 11 ( purple line ).
- During this period, there were minor rallies, but the bears consistently clawed back most of the gains.
- Once the price breaks out of this triangle formation (white), I believe there's a strong likelihood that the bears will grow even more confident.
- As you can see, the price recovery from March 11 to March 18 ( blue line ) has experienced a challenging rally, taking significantly longer than expected and still failing to fully recoup the losses from the price drop between March 9 and 11 ( purple line ).
- During this period, there were minor rallies, but the bears consistently clawed back most of the gains.
- Once the price breaks out of this triangle formation (white), I believe there's a strong likelihood that the bears will grow even more confident.
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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.
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.