US30 Ascending Triangle Forming

٦ أكتوبر ٢٠٢١

Consolidation on US30 is beginning to form an Ascending Triangle on the H1 time frame. US30 is overall bearish on the H1 and H4 timeframes as it's still maintaining its downtrend structure.

I'm looking to see a breakout to the downside, however a reversal to the upside is not impossible here. Watch for a breakout in either direction and trade accordingly.