Symmetrical Triangle has formed on 
DGB which is usually considered a continuation pattern.
At minimum, we need 2 higher lows, and 2 lower highs which we have to confirm the pattern.
Volume should decrease in this pattern as the "Calm before the storm" happens.
We also have a bullish Kumo Twist on the Ichimoku and the MACD is close to crossing.
Symmetrical Triangles certainly can go in the opposite direction and it is recommended for conservative traders to enter on a confirmed breakout.
Typically after breakout, the old resistance will become support and price will come back down to test it. This would be the entry point for a conservative "breakout" trader.
There is not much room left in the triangle and I would expect us to see a breakout in either direction in the next few days at minimum.
DGB which is usually considered a continuation pattern.At minimum, we need 2 higher lows, and 2 lower highs which we have to confirm the pattern.
Volume should decrease in this pattern as the "Calm before the storm" happens.
We also have a bullish Kumo Twist on the Ichimoku and the MACD is close to crossing.
Symmetrical Triangles certainly can go in the opposite direction and it is recommended for conservative traders to enter on a confirmed breakout.
Typically after breakout, the old resistance will become support and price will come back down to test it. This would be the entry point for a conservative "breakout" trader.
There is not much room left in the triangle and I would expect us to see a breakout in either direction in the next few days at minimum.
Not
DGB trying to break out. Lets see if it gets enough volume to push up and close a candle above the trend line.media.discordapp.net/attachments/362752320657686549/454721091261169664/unknown.png
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.