Hey traders!
4-hour timeframe: Price action consolidating within a descending triangle formation. A short trade opportunity presents itself as price approaches the upper resistance of the pattern, targeting the lower support range. Potential downside: approximately 14%.
Happy trading
4-hour timeframe: Price action consolidating within a descending triangle formation. A short trade opportunity presents itself as price approaches the upper resistance of the pattern, targeting the lower support range. Potential downside: approximately 14%.
Happy trading
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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.