The rising wedge earlier today resulted in a down. (check previous idea)
Now I'm expecting a descending triangle with the resistance of the downtrend and the support of the start of the wedge earlier this day.
A triangle is a continuation pattern so I expect a new down. The next bigger support is around 6700.
Previous idea below
Now I'm expecting a descending triangle with the resistance of the downtrend and the support of the start of the wedge earlier this day.
A triangle is a continuation pattern so I expect a new down. The next bigger support is around 6700.
Previous idea below
Note
Note
Note
Note
Descending triangle invalidated
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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.