NEOUSD - Symmetrical Triangle
Updated
Hi All,
As usual, i will make the explanation simple and easy to understand.
1. Symmetrical Triangle is a continuation pattern so entry from Bear will end with continous bearish trend at exit
2. Volume decrease until breakout
3. Stoch RSI returned from overbought
This TA is for Educational purpose and not a financial advice. If you are happy with my charts and would like to follow more in the future, feel free to follow my profiles.
As usual, i will make the explanation simple and easy to understand.
1. Symmetrical Triangle is a continuation pattern so entry from Bear will end with continous bearish trend at exit
2. Volume decrease until breakout
3. Stoch RSI returned from overbought
This TA is for Educational purpose and not a financial advice. If you are happy with my charts and would like to follow more in the future, feel free to follow my profiles.
Note
Take Note that the pattern usually can change to ascending/descending triangle and sometime to raising/ falling wedge. but just monitor on the declining of the volume untill the breakout volume spike.Trade active
Descending Triangle Formed.Though Descending Triangle is a continuation pattern, some case it broke the triangle resistant and perform a reversal.
Just monitor closely on the candlestick movement and also the volume breakout to confirm the pattern.
Disclaimer
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