chart speak itself
Note
This is i quoted from the encyclopedia --
After returning to the trend line, prices may bounce back up and form additional bumps or slide along the trend line. Even- tually prices drop through the trend line and continue down.
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Trade active
We got confirmation, price closed below trend line and at the same time below three falling peaks confirmation. I've place pending short.Note
Note
as expected, it retested confirmation line. my short order hitted. now we're riding the downhillNote
Note
breakout from falling wedge. target not reached yet, but I'm getting ready to cover my short IF, it manage to break nearest resistance.
Trade closed: target reached
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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.