Forming symmetrical triangle on daily which is a nuetral pattern ,but with declining volume breaking upwards has a higher probability.
Note
from the looks of indicators,it seems we are correcting.Price is still trying to form bull div on daily but asset is heavily overbrought.There is also a hidden bear div formed on higher time-frame.If it plays out we are in bear market once again with a target of last support formed at 7800
Note
we are still in the triangle with hidden bull div formed on daily,just a matter of time.
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.