Checking out this Triangle forming on the 15minute chart. Interesting thing is that we are trading in a decending wedge (1hr)
if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line).
I'll be watching this closesly.
if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line).
I'll be watching this closesly.