Descending triangle
As you can see, we have a well formed descending triangle with the breakout in process. With the breakout taking place within 50-70% of the triangle this is bearish sign.
Research tells us that we should us the base of the triangle as a take profit. If my prediction is correct were looking to close our position at around 93.
Research tells us that we should us the base of the triangle as a take profit. If my prediction is correct were looking to close our position at around 93.
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