Daily Chart Pattern: Descending Channel (Reversal)
1H Chart Pattern: Falling Wedge (Reversal)
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In the Daily Chart we can see a Descending Channel although it is not a perfect pattern, because in the market there is no perfection. In the 1H chart we can recognize a Falling Wedge formation and it is almost complete, we are waiting for the price to touch the trendline below and a possible Double Bottom pattern that can make the trade a high probability.
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**Disclaimer**
The content on this analysis is for educational purpose only, trade at your own risk
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Thank you & Happy Trading Guys!
1H Chart Pattern: Falling Wedge (Reversal)
____________________________________________________________________________________________________________________________________________
In the Daily Chart we can see a Descending Channel although it is not a perfect pattern, because in the market there is no perfection. In the 1H chart we can recognize a Falling Wedge formation and it is almost complete, we are waiting for the price to touch the trendline below and a possible Double Bottom pattern that can make the trade a high probability.
____________________________________________________________________________________________________________________________________________
**Disclaimer**
The content on this analysis is for educational purpose only, trade at your own risk
____________________________________________________________________________________________________________________________________________
Please like this idea for support & follow me for more market analysis
Feel free to write a comment below
Thank you & Happy Trading Guys!
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.