The market is moving into a consolidation range after a trend
Inside a larger channel, a minor triangle pattern is formed
** M pattern formed ending today => Possibility of the good down move
If on Monday market opens
Inside a larger channel, a minor triangle pattern is formed
** M pattern formed ending today => Possibility of the good down move
If on Monday market opens
- Gap up there will be a possible retest and break out upside
- near prev the last close there can still be a ranging market continuing
- Gap down there can be a good down move near to support zone
Note
Market Analysis for 1 Dec 20
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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.