A classic descending triangle is forming on the daily chart. 📉➡️📈
🔹 Price is compressing near support.
🔹 A breakout above the trendline could trigger fresh momentum.
🔹 A breakdown may lead to another round of selling.
The next few sessions could decide the next major move. 👀
Breakout or Breakdown? What's your view? 👇
🔹 Price is compressing near support.
🔹 A breakout above the trendline could trigger fresh momentum.
🔹 A breakdown may lead to another round of selling.
The next few sessions could decide the next major move. 👀
Breakout or Breakdown? What's your view? 👇
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.
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.