On the chart of Expedia ( EXPE ), we can see a descending triangle . A descending triangle is a bearish formation.
The price has already broken the support and is now retesting the support. When the support turns into a resistance a short position can be taken. The price is likely to drop more until it has reached its target.
All further details are shown on the chart.
Goodluck!
The price has already broken the support and is now retesting the support. When the support turns into a resistance a short position can be taken. The price is likely to drop more until it has reached its target.
All further details are shown on the chart.
Goodluck!
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