Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Descending Triangle
Bitcoin
Short
Descending Triangle
By MrDiamondHands
Follow
Follow
Updated
Mar 2, 2020
6
2
2
Mar 1, 2020
Classic continuation pattern
Stop loss: $8,700 would be a rejection
Take profit: length of the "pole", in this case around $7,200
Mar 2, 2020
Trade closed: stop reached
Mar 2, 2020
Note
Very possible that the price is creating a flag on a higher timeframe
Chart Patterns
MrDiamondHands
Follow
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
.