Hi there Traders,
hope you all have a profitable trading Tuesday.
Let's take a look at possible breakout from Descending Triangle. Right now we don't know where the price is going to go. With Descending Triangles most of the time price is going to break the Support line, however there have been many cases where the Support is too strong (or Bears are too week ) and price will bounce and make a strong move up. Lets wait and see! Follow this idea and our channel to find out how it turned out ! Let us know in comments your ideas !
Good luck !
hope you all have a profitable trading Tuesday.
Let's take a look at possible breakout from Descending Triangle. Right now we don't know where the price is going to go. With Descending Triangles most of the time price is going to break the Support line, however there have been many cases where the Support is too strong (or Bears are too week ) and price will bounce and make a strong move up. Lets wait and see! Follow this idea and our channel to find out how it turned out ! Let us know in comments your ideas !
Good luck !
Trade closed: target reached
TP1 Hit
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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.