Hello everyone, we have a nice configuration of the descending triangle, price is close to the SMA, Fibonacci level + support level which becomes resistance. We see that the last large green volume has properly regulated the bottom trend line, the adjacent side of the triangle if I may say so.
Nevertheless, the market is well controlled, we can even see a triangle in terms of volume. Be careful, it can still be what is called a symmetrical triangle and the break can also be bullish.
Nevertheless, the market is well controlled, we can even see a triangle in terms of volume. Be careful, it can still be what is called a symmetrical triangle and the break can also be bullish.