This symmetrical triangle shows continuation of the down trend, so it will go down more.
Now it is being confirmed. The only question is if it will bounce up a bit more before falling.
Hence 2 scenarios, but both lead to the same result. Wait for confirmation and short.
Price target around 450, which signifies a strong support from a long term trend line.
Now it is being confirmed. The only question is if it will bounce up a bit more before falling.
Hence 2 scenarios, but both lead to the same result. Wait for confirmation and short.
Price target around 450, which signifies a strong support from a long term trend line.
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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.