Hello people, It's my first ever time to share an idea on tradingview. Hope you like the idea.
So, it appears that we are still in a bear market and descending triangle being printed on monthly time frame supports the narrative. In case if we break the bottom line of the triangle then we are most probably gonna breach the massive trend line of 2015 to 2019 which will send us into a period of consolidation.
I know there are other chart patterns that could trigger a bull run, but for now it seems there is some more time in the current bear market because Monthly time frame is much more stronger than smaller time frames.
Of course the market could go in any direction nobody knows. Its a game of patience and probability. So let's see what you guys think. You are welcome to share your ideas.
THANKS!
So, it appears that we are still in a bear market and descending triangle being printed on monthly time frame supports the narrative. In case if we break the bottom line of the triangle then we are most probably gonna breach the massive trend line of 2015 to 2019 which will send us into a period of consolidation.
I know there are other chart patterns that could trigger a bull run, but for now it seems there is some more time in the current bear market because Monthly time frame is much more stronger than smaller time frames.
Of course the market could go in any direction nobody knows. Its a game of patience and probability. So let's see what you guys think. You are welcome to share your ideas.
THANKS!