Hello, I'm relatively new to TA and since the 21st of June - July 7 I saw a pattern that looks like either a "Falling Three Methods" or a "Rising Three Methods".
FTM - is found within a downtrend. Whereas the RTM - is found within an uptrend.
initially, I thought that this could be the FTM, but on the daily chart we can see that it is progressing in an upward fashion, but does not follow the 'textbook' RTM formation.
Which brought me the inability to determine if it is one or the other (FTM/RTM). Maybe it's neither of the two?
I would appreciate some clarity regarding this finding :)
FTM - is found within a downtrend. Whereas the RTM - is found within an uptrend.
initially, I thought that this could be the FTM, but on the daily chart we can see that it is progressing in an upward fashion, but does not follow the 'textbook' RTM formation.
Which brought me the inability to determine if it is one or the other (FTM/RTM). Maybe it's neither of the two?
I would appreciate some clarity regarding this finding :)