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arindaniel
Sep 16, 2021 4:21 AM

SOL Breakout (Descending Triangle) Long

SOL / TetherUS PERPETUAL CONTRACTBinance

Description

This descending triangle chart pattern obeys the identification guidelines set for the pattern. At point A, price peaks below the horizontal trendline but few chart patterns are perfect. At point B, price stages a breakout and that results in a swift upward move. Such a strong advance is unusual.

-- Thomas Bulkowski
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