I propose a new trade to take if this chart pattern, a descending triangle in a bearish continuation, is confirmed.
Of course, do not position yourself in Short until the bearish exit is validated.
This possibility is part of the background bearish trend of a larger descending triangle validated in my previous technical analysis, see link associated hereafter.
Of course, do not position yourself in Short until the bearish exit is validated.
This possibility is part of the background bearish trend of a larger descending triangle validated in my previous technical analysis, see link associated hereafter.
Trade active
A bearish Parallel Channel strengthens my Short : Note
We have had a Pullback under the Descending Triangle, within a Parallel Bear Channel whose outcome is imminent according to:- a new $ 8200 rejection validating the Bearish trend in this Parallel Channel
- either a bullish or range exit of this Parallel Channel validating the end of the bearish influence of the latter
Note
And now ?
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Related publications
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.