Patterns
1. Descending channel broken to upside = bullish
1.1⚠️ caution : be aware of false breakout
1.2 rising wedge can confirm a false breakout back into the descending channel
1.3 if rising wedge confirms the buy entries then possible inverse head and shoulders can develop over time and lead to more upside
This is a weekly scope and will take a few weeks to materialize
But this can provide enough guidelines for lower time frame analysis
1. Descending channel broken to upside = bullish
1.1⚠️ caution : be aware of false breakout
1.2 rising wedge can confirm a false breakout back into the descending channel
1.3 if rising wedge confirms the buy entries then possible inverse head and shoulders can develop over time and lead to more upside
This is a weekly scope and will take a few weeks to materialize
But this can provide enough guidelines for lower time frame analysis
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.
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.