Chart Pattern: Descending Triangle
The descending triangle is constructed with a flat support line and a downward-sloping resistance line and It usually gives us a STRONG BEARISH SIGNAL...!!!
e can see the beautiful descending triangle on the Daily chart time frame. The descending triangle is constructed with a flat support line and a downward-sloping resistance line and It usually gives us a STRONG BEARISH SIGNAL...!!! but we should wait for the next candle to break the support or resistance line and decide its trend.
RSI at all major time frames also indicates that the market has strong potential for fall, so I'm 90% sure that the upcoming trend will be bearish but again it is good to wait for a break out/down.
The descending triangle is constructed with a flat support line and a downward-sloping resistance line and It usually gives us a STRONG BEARISH SIGNAL...!!!
e can see the beautiful descending triangle on the Daily chart time frame. The descending triangle is constructed with a flat support line and a downward-sloping resistance line and It usually gives us a STRONG BEARISH SIGNAL...!!! but we should wait for the next candle to break the support or resistance line and decide its trend.
RSI at all major time frames also indicates that the market has strong potential for fall, so I'm 90% sure that the upcoming trend will be bearish but again it is good to wait for a break out/down.