Price has broken the support line.
Neutral pattern until broken.
Has broken to the downside.
Tight triangle and price action fills the structure.
Fib levels applied to calculate targets.
The white line represents a 100% fall but can fall to a lesser or greater fib level.
I use .382, .618, .786, 1, 1.272 and 1.618, but some may use another method of calculation.
No recommendation
Neutral pattern until broken.
Has broken to the downside.
Tight triangle and price action fills the structure.
Fib levels applied to calculate targets.
The white line represents a 100% fall but can fall to a lesser or greater fib level.
I use .382, .618, .786, 1, 1.272 and 1.618, but some may use another method of calculation.
No recommendation