GRT Descending triangle- bullish reversal incoming.This GRT/ GPB trendline I'm confident is about to break to the upside. A descending triangle is often interpreted as a bearish pattern, however in this instance I believe its a reversal based on a strong horizontal support line about 3-4 weeks old.
I often trade this type of pattern- and this look
GRT Descending Triangle Reversal.I’m regularly looking at a break through to this descending trend line on the 2Hr ~Grt/ GPB or us . Descending triangle patterns often signify a bearish outlook however in this instance I present the notion of a reversal. A fairly strong historic support horizontaly from this area supports this idea
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.