A descending triangle pattern is formed by this chart. Usually it is said that descending triangles are bearish but nothing is certain here. So I have taken a neutral approach to predict the targets in both directions. Price has already broken out of the pattern which might rise by hitting the trend-line and reach the above target of 2363 or if it comes back down could potentially reach 1825 as the short target.
Trade closed: target reached:
Reached target 2362. It would have been a nice long trade.
