BEARISH DECENDING TRIANGE SPOTTED
hello everyone ...
first of all this is not a financial advise ..
but i have spotted a descending Abcde triangle on 4h time frame ..
well since i do Elliot wave analysis i do believe that we could see a retest for 18-19k ish areas .. however, things might be changed if this pattern played out and hit his targets as of the above chart .. between 14-15k ish areas ... and then we can finish the wave 4 to the upside 18-19k after that i will update wave 5 that should be downside to 11-12 k ish areas this is what do i believe
A descending triangle is a bearish price pattern that occurs in a downtrend, and signals that the bearish trend will persist. Still, in some cases, a descending triangle may appear as a reversal pattern at the end of a bullish trend. Nevertheless, it remains a bearish pattern regardless of the previous direction of the trend.
FYI : IF E LEG BEEN BROKE UPSIDE THEN THE PATTERN IS INVALID
first of all this is not a financial advise ..
but i have spotted a descending Abcde triangle on 4h time frame ..
well since i do Elliot wave analysis i do believe that we could see a retest for 18-19k ish areas .. however, things might be changed if this pattern played out and hit his targets as of the above chart .. between 14-15k ish areas ... and then we can finish the wave 4 to the upside 18-19k after that i will update wave 5 that should be downside to 11-12 k ish areas this is what do i believe
A descending triangle is a bearish price pattern that occurs in a downtrend, and signals that the bearish trend will persist. Still, in some cases, a descending triangle may appear as a reversal pattern at the end of a bullish trend. Nevertheless, it remains a bearish pattern regardless of the previous direction of the trend.
FYI : IF E LEG BEEN BROKE UPSIDE THEN THE PATTERN IS INVALID
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.