Bearish Pennant Pattern on SANDUSDT
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
SANDUSDT.P
seems to be forming a pennant pattern on the H4 time frame. As is known, the Pennant pattern is a pattern that is formed in consolidation to continue the current trend movement. In this case, the Pennant pattern becomes a bearish continuation pattern, seeing that the
SANDUSDT.P
major trend is in a bearish trend.
Confirmation of this pattern can be seen if the price breaks the trend's lower line, with the target of the decline to the level of 4.089xx.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
SANDUSDT.P
seems to be forming a pennant pattern on the H4 time frame. As is known, the Pennant pattern is a pattern that is formed in consolidation to continue the current trend movement. In this case, the Pennant pattern becomes a bearish continuation pattern, seeing that the
SANDUSDT.P
major trend is in a bearish trend. Confirmation of this pattern can be seen if the price breaks the trend's lower line, with the target of the decline to the level of 4.089xx.
Trade closed manually