Chart pattern

٢٤ يوليو ٢٠٢٣

A descending triangle pattern. I look mostly for pattern formation which shows the direction of the next move price is heading. We can see in the chart how price has been on a bearish move, which leads in the formation of a triangle, also triangle make a Downward trend, when we connects the peaks, we get a trendline. The trendlines has made different touches and now has just break above the trendline giving a signal that buyers are getting into the market.