This pattern emerges when volume declines and new stock price highs are limited. The pattern indicates that the bullish phase is ending. The trading period begins when the descending triangle reversal pattern is revealed ahead of the breakout.
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The inverse head and shoulders chart is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end. Investors consider it to be among the most reliable trend reversal patterns.
if you DCA for long term keep doing that
if you're in a long trade position expect a dip in price near the potential left Shoulders...
The descending triangle reversal pattern at the bottom end of a downtrend is where the price action stalls and a horizontal support level mark a bottom. If the price action breaks to the upside from the descending triangle reversal pattern at the bottom, a trader can choose long positions.
Take your Long position now or at the break-out with volume
Set...
