DESCENDING TRIANGLE PATTERN ON 4H CHART!!
If we looking at this this chart, the price is forming a pattern that we called as Descending Triangle Pattern.
This could indicate a bearish movement if the Support couldn't hold.
But, in the daily timeframe, we also expecting a strong rebound since the price is near the Support Line from Ascending Channel.
Disclaimer : This is not Financial Advise
This could indicate a bearish movement if the Support couldn't hold.
But, in the daily timeframe, we also expecting a strong rebound since the price is near the Support Line from Ascending Channel.
Disclaimer : This is not Financial Advise
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.