Hello traders, i was watching this set up, imo this is a descending triangle playing out.
The estimated target is the green trend and the dotted trend is a projection of the lows.
We can try to predict the bottom by watching divergences on the RSI and the volume.
Give me your feedback
The estimated target is the green trend and the dotted trend is a projection of the lows.
We can try to predict the bottom by watching divergences on the RSI and the volume.
Give me your feedback
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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.