Descending Triangle maybe is Bearish, sometime it is a reversal pattern.
On the other hand, Ascending Triangle maybe is Bullish, sometime it is a reversal pattern.
Is it still in the Ascending Triangle Development Currently?
A bullish Ascending Triangle?
or a Reversal Ascending Triangle?
General speaking the Triangle development will take around 8 to 10 days, then a new direction will be in place.
On the other hand, Ascending Triangle maybe is Bullish, sometime it is a reversal pattern.
Is it still in the Ascending Triangle Development Currently?
A bullish Ascending Triangle?
or a Reversal Ascending Triangle?
General speaking the Triangle development will take around 8 to 10 days, then a new direction will be in place.
Note
It is faster than what I expected the breakout the The ascending Triangle.Note
Trading Volume : price increased, but trading volume decreased. It is not really bullish breakout signal. After several test of the upside, said the previous high(169-170), then it was rejected. A back test wave started.Note
Yesterday 1/5 bulls position profit taking.Guess: It is the Whale Fund Buyers' "Push Down To Buy Strategy"
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Disclaimer
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.