Symmetrical triangle coiling after the Sep 16 impulse spike. Lower highs + higher lows = volatility compression and consolidation.
Price is inside the apex now, holding mid-range of the triangle after a failed push toward the top last few candles.
This is a continuation / indecision pattern - next move will be determined by which trendline breaks first.
Price is inside the apex now, holding mid-range of the triangle after a failed push toward the top last few candles.
This is a continuation / indecision pattern - next move will be determined by which trendline breaks first.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.