NOT A FINANCIAL ADVISOR!
I am not yet convinced that about this breakout.
Awaiting for a confirmation whether this is a fakeout or a real breakout!
In fact, if this is a simetrical triangle that broke down, the lack of volume does not confirm this break out!
I believe that another possible structure would be a descending triangle.
As the current candle close did close below the previous low (30 May), a descending triangle is actually a possible structure.
Having the death cross in the next coming days, expect anything ... (check the price action upon a death cross).
I am not yet convinced that about this breakout.
Awaiting for a confirmation whether this is a fakeout or a real breakout!
In fact, if this is a simetrical triangle that broke down, the lack of volume does not confirm this break out!
I believe that another possible structure would be a descending triangle.
As the current candle close did close below the previous low (30 May), a descending triangle is actually a possible structure.
Having the death cross in the next coming days, expect anything ... (check the price action upon a death cross).
Nota
Regardless of which triangle really makes sense here...the break down is undeniable.Nota
Broadening wedge? :)
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.