Barclays Bank: Descending Triangle Visible on Quarterly Chart

NYSE:BCS   Barclays PLC
Barclays is currently trading within a Descending triangle that is visible on the Multi-Month Timeframes. It has had some wicks below the Demand Line already, but has yet to truly break down.

Whenever it decides to truly break down, there are really no supports below it, so I think it will go and make new all time lows and reach one of the Fibonacci Extensions below; which would take it below a dollar.


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.