Rxnnie
Short

Descending triangle

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
Clear descending triangle , I will be looking to short the breakout.
Trade closed: stop reached

Comments

Pretty sure that's an ascending triangle.
+1 Reply
Rxnnie dxn-fx
@dxn-fx, No, this is clearly a descending triangle lol
Reply
Rxnnie dxn-fx
@dxn-fx, An ascending triangle has a rising trend line, descending has a lowering price trend line.
Reply
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