as you see, then resistance and support trend lines are getting closer to each other, so it means that the price action is reaching its endpoint and its going to stop the uptrend movement, now, if uptrend movement stop, it may goes to a neutral direction ( uo and down slowly ) or it may start the downtrend with high movements, but from the last downtrend trend line, it has more chance to start a continual downtrend for 3 or 4 days.
its a risky patern please dont forget to place a stoploss.
its a risky patern please dont forget to place a stoploss.
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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.