Descending Triangle Setup: Anticipating a Bearish Breakout
This chart displays a descending triangle pattern, which is often a bearish continuation signal. The price is currently consolidating between two downward-sloping trendlines. I'm anticipating a downward breakout as the price nears the upper resistance line. My stop-loss is set just above the resistance, while the green zone represents my take-profit target in case of a successful breakout below support.
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