Descending TriangleThe momentum feels Down.
This is in a Descending triangle and this is a neutral pattern.
Price has not reached short entry level. I listed 2 entry levels as price has broken this triangle before and support kicked in.
No recommendation.
The awesome oscillator is a technical indicator that is used within the financial markets to confirm or disprove trends on price charts. These charts compare current data to historic data with the aim of predicting momentum in the markets. Like MACD, taller bars equal more momentum than smaller bars. This oscillator is based on moving averages.
Short when triangle fails and short entry level is met (ES)