Engulfing bar from descending trend line. Look for long from support level or 20 EMA. Watch price action for an entry order around either of those levels.
Please note TP should be at the descending trend line. Overall this is a bearish triangle and we may say a reversal in the trend if price breaks the support or at least a push down to the .618 Fib level.
Please note TP should be at the descending trend line. Overall this is a bearish triangle and we may say a reversal in the trend if price breaks the support or at least a push down to the .618 Fib level.
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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.