MonarshiTrader

MonarshiTrader

-Divergence is a signal of a possible trend change. -A descending triangle which means a continuation to the downside.

MonarshiTrader

One of the Symmetrical Triangle Patterns can be seen in this chart, on the 1H time frame, which indicates a continuation to the downside. * This is a false breakout and opening a long position would not be a good idea!