V pattern is a basic trading pattern which happens when market gets chaotic!
It has a sharp decline(left angle) and a sharp recovery (right angle)
Most of the times, V patterns won't change anything and their effect on market is mostly nothing!
The trends will continue after these patterns are crafted!
for example look at the BNBUSDT Chart and you can see that the price was pretty stable. after a sharp deny and a sharp recovery, the price shall return to the ranging stat which It was in!
⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.