Bearish Descending Triangle
Textbook bearish descending triangle on the daily timeframe. Going to play the breakdown to the downside to see if it comes through. Standby for price targets if it breaks.
Trade active
First PT has hit on this only 1 weekend later. Sell here or keep holding but Theres a chance we can see 566 on spy. This trade is complete
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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.