Axixcades:163. descending triangle broken, target 80 and 40
onRequest
@meqazi
The demand line of the descending triangle is broken. Descending triangle is also a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend like this one, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution.i expect the price to come down near40 level.
@meqazi
The demand line of the descending triangle is broken. Descending triangle is also a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend like this one, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution.i expect the price to come down near40 level.
Note
No sign for a recovery
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.