Descending triangle... A lot of bagholders about to capitulate.
Note
triangle couold also be up to this purple line, in which case 13.8 would be the LPSY. However, you could open a short here with a tight stop on this retest of S:R level as an insurance policy in case this triangle ends up being the real one.
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.