This symmetrical triangle shows continuation of the down trend, so it will go down more.
Now it is being confirmed. The only question is if it will bounce up a bit more before falling.
Hence 2 scenarios, but both lead to the same result. Wait for confirmation and short.
Price target around 450, which signifies a strong support from a long term trend line.
Now it is being confirmed. The only question is if it will bounce up a bit more before falling.
Hence 2 scenarios, but both lead to the same result. Wait for confirmation and short.
Price target around 450, which signifies a strong support from a long term trend line.