Descending Triangle
so we wait patiently the market just break the descending triangle and is currently retesting so what we should watch for is.........
1) the market might come to grab liquidity at the bottom of the triangle :so if that happens we can then enter
2) if we notice an instant reversal from the retest then we would wait for the recent high to get broken
so only after this two conditions are met then we can go for a buy. till then we just seat and watch price do its thing
1) the market might come to grab liquidity at the bottom of the triangle :so if that happens we can then enter
2) if we notice an instant reversal from the retest then we would wait for the recent high to get broken
so only after this two conditions are met then we can go for a buy. till then we just seat and watch price do its thing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.