THIS IS WHAT I CALL A REVERSAL TRIANGLE FORMATION, INSTEAD OF REGULAR TRIANGLES WHICH ARE A CONTINUATION PATTERN, I USE THE DIAGONAL LINE AS A DESCENDING RESISTANCE , SO ONCE THE PRICE TOUCHES THIS RESISTANCE USING CANDLESTICKS AND OTHER INDICATORS I CAN DETERMINE A CHANGE IN THE PREVIOUS TREND.
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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.