With two triangles forming one large descending triangle the outlook looks bullish from a pattern formation.
After breaking trend line X of the large descending triangle pattern the price dropped back to an area of buying interest at the intersection of trend line 4 and trend line X. Internal momentum for trend is not strong, but trend line 4 is acting as a guide of support as price slowly creeps higher.
Volatility is extremely low, which is a sign of an imminent breakout in price. With this pattern holding for the bulls, a breakout of volatility should favor a bullish sentiment.
Thoughts?
After breaking trend line X of the large descending triangle pattern the price dropped back to an area of buying interest at the intersection of trend line 4 and trend line X. Internal momentum for trend is not strong, but trend line 4 is acting as a guide of support as price slowly creeps higher.
Volatility is extremely low, which is a sign of an imminent breakout in price. With this pattern holding for the bulls, a breakout of volatility should favor a bullish sentiment.
Thoughts?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.