Descending Triangle
Classic continuation pattern
Stop loss: $8,700 would be a rejection
Take profit: length of the "pole", in this case around $7,200
Stop loss: $8,700 would be a rejection
Take profit: length of the "pole", in this case around $7,200
Trade closed: stop reached
Note
Very possible that the price is creating a flag on a higher timeframe
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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.