Here is my simple explanation for this TA. 1. Descending Triangle (Breakout). We are in the breakout area of the descending triangle. you can see spike in volume at the breakout after the declining in the volume from the beginning of the pattern is formed. 2. MACD Bearish Divergent. To spot this pattern, you require to check on the blue oscillator which is 12 EMA. It show higher high and the MACD histogram is showing higher low before the reversal.
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Trade closed: target reached
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Target Reached. Anyone profits from by shorting this? :)
**To see the target reached, press the play button on the chart**