Supposing it is an ascending triangle Ascending Triangle? is meeting all the technical criteria. Noting that the price is supported in the $ 2.65 / 2.70 area, we could therefore affirm it if the trend continues to maintain this price and we would also be able to see a further validation of the structure and will take place if the price is thrown out of the...
"Resistances & Supports" Target in evidence: target 1 $ 3.60; target 2 $ 4.50; target 3 $ 6.30. Graphic representation structured on 09/01/19.
Another highly bearish figure is a: Descending Triangle. In this case the triangle has been invalidated on the upper TL Orange. To confirm this movement we should expect a retest on a triangle.
A series of patterns highlighted in the view: -.1 Ascending Triangle in Green (if the price follows the Green trend line) -.2 Falling Wedge in Blue (if the price follows the upper Blue trend line) -.3 Great falling Wedge in Red (if the price follows the Red pattern) A validation of the Ascending Triangle (Green) would have a bullish predisposition in the short...