After breaking through the bottom of the upward trend channel, PA is now showing a descending Triangle with the new descending channel which will most likely break out for a short. However, longs are also possibility and its best to follow longs if there is a gap.
Good Luck!
Good Luck!
Note
PA has broken through the bottom of the triangle! Trade closed: target reached
Short setup triggered and won
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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.