Title is self explanatory :
Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline, which is a sell signal.
Since it is a chart pattern, SL can be tightened a little bit more to the entry price.
- Good luck all
Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline, which is a sell signal.
Since it is a chart pattern, SL can be tightened a little bit more to the entry price.
- Good luck all
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