isnt that a descending triangle? doesnt that mean it will go down?
IngenuityTrading
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@shrikamom, hey thanks for the comment... I don't use descending triangles so I am not sure. I am taking the perspective that the green area is support and that the longer term trend is still bullish. The down trendline I am just using as a guide for when there might be a turn back to the upside. Also taking into account the rate of change (absolute value) divergence
TheSignalyst
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I agree, very possible 🙌
IngenuityTrading
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@TheSignalyst, thanks as always might be a decent trade