The counter spiked up from the lows however, it was unable to sustain at higher levels and faced rejection.
It then consolidated in a tight range in the form of a triangle pattern.
Now the triangle is yielding a bearish breakout. And we expect a follow-through sell-off in the counter.
It then consolidated in a tight range in the form of a triangle pattern.
Now the triangle is yielding a bearish breakout. And we expect a follow-through sell-off in the counter.
Trade closed: target reached
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Disclaimer
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.