Bearish Pennant Pattern on SANDUSDT
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
SANDUSDT.P
seems to be forming a pennant pattern on the H4 time frame. As is known, the Pennant pattern is a pattern that is formed in consolidation to continue the current trend movement. In this case, the Pennant pattern becomes a bearish continuation pattern, seeing that the
SANDUSDT.P
major trend is in a bearish trend.
Confirmation of this pattern can be seen if the price breaks the trend's lower line, with the target of the decline to the level of 4.089xx.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
SANDUSDT.P
seems to be forming a pennant pattern on the H4 time frame. As is known, the Pennant pattern is a pattern that is formed in consolidation to continue the current trend movement. In this case, the Pennant pattern becomes a bearish continuation pattern, seeing that the
SANDUSDT.P
major trend is in a bearish trend. Confirmation of this pattern can be seen if the price breaks the trend's lower line, with the target of the decline to the level of 4.089xx.
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