There is a clear triangle appears in the chart BHC/USD, however it could be both ascending
or descending. One of the traits of triangle is that it continues a trend, in this case it's an upward trend, on the other hand it is a more of the pattern of a descending triangle(the line below goes strait horizontal and line above goes inclined. Wait for the conformation!
A candle has to be closed above or under one of the triangle lines.
or descending. One of the traits of triangle is that it continues a trend, in this case it's an upward trend, on the other hand it is a more of the pattern of a descending triangle(the line below goes strait horizontal and line above goes inclined. Wait for the conformation!
A candle has to be closed above or under one of the triangle lines.
Comment:
Well it is a bearish triangle, MACD also shows it.
Comment:
False brake down! Nice try! you got us there