Descending Triangle
Pros:
Descending volume during formation
Volume increase but no break out yet
RS flat and below 0
ATR flat
R/R ratio above 14
PPS below 50MA and 200MA
200MA descending
250RSI below 50
Cons:
If confirmed:
PT1 = 10.011$
PT2 = 9.721$
PT3 = 9.449$
PT4 = 9.284$
Pros:
Descending volume during formation
Volume increase but no break out yet
RS flat and below 0
ATR flat
R/R ratio above 14
PPS below 50MA and 200MA
200MA descending
250RSI below 50
Cons:
If confirmed:
PT1 = 10.011$
PT2 = 9.721$
PT3 = 9.449$
PT4 = 9.284$