Title is self explanatory :
Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline, which is a sell signal.
Since it is a chart pattern, SL can be tightened a little bit more to the entry price.
- Good luck all
Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline, which is a sell signal.
Since it is a chart pattern, SL can be tightened a little bit more to the entry price.
- Good luck all
Trade closed: target reached
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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.
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.