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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
Here we have a very well-defined Descending Triangle with both boundaries tested several times and taking place just above the 200 days EMA . Prices are again attempting to violate the lower boundary and if they reached the 15,30 area we could say a valid breakout had occurred. It's a pretty wide breakout but we want the previous strong level at 15,50 to be deeply breached.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
Here we have a very well-defined Descending Triangle with both boundaries tested several times and taking place just above the 200 days EMA . Prices are again attempting to violate the lower boundary and if they reached the 15,30 area we could say a valid breakout had occurred. It's a pretty wide breakout but we want the previous strong level at 15,50 to be deeply breached.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 13.50
- Breakout area below: 15.30
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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