Bounced from the ascending trendline and confirmed it by several 4hrs candles.
We did close a 1D candle below the line, but considering its shape (reversal) with a triple bottom on the same level I was expecting a bounce. However, not this big.
Another pattern made by the price is a descending triangle, where we're having LHs & a flat lower trendline.
Sellers being more aggressive than buyers.
Most of the time this is a continuation pattern (of short in our case), on the other hand an upwards breakout could occur.
We did close a 1D candle below the line, but considering its shape (reversal) with a triple bottom on the same level I was expecting a bounce. However, not this big.
Another pattern made by the price is a descending triangle, where we're having LHs & a flat lower trendline.
Sellers being more aggressive than buyers.
Most of the time this is a continuation pattern (of short in our case), on the other hand an upwards breakout could occur.
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.