1) Descending triangle = Bearish
2) Break out of the resistance line of triangle = Bearish
3) MACD approaching zero line, expect a bearish crossover shortly and the algo traders to start shorting from here = bearish
Stop loss 1 ATR take profit 2 ATR
2) Break out of the resistance line of triangle = Bearish
3) MACD approaching zero line, expect a bearish crossover shortly and the algo traders to start shorting from here = bearish
Stop loss 1 ATR take profit 2 ATR
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