Edwards & Magee on descending triangles...
The descending triangle is so clear, where to next? Intuition would suggest a break down, but a quick glance in the textbook warns: "... In those infrequent cases when prices 'squeeze' right on out of the apex without producing a definite breakout, the pattern seems to lose much of its power."
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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.