Short

TIme to move down again?

Updated

Descending triangle in strong trend down, looks like it's time to get down even more.

Note

Idea was incorrect.
Anyway it always a good idea to see how actually price is moving out of triangle/wedge and the act accordingly. Go long if it breaks out, go short if it breaks the lines down.

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.