EVO - 7 months DESCENDING TRIANGLE

══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌

A downtrend seems establishing and prices are now consolidating in the form of a Descending Triangle just below the 200 days EMA.
If prices go towards the target, keep in mind that we will have to deal with the 768 previous level and maybe also with the 640 one.

• Pattern Class: 🌕🌕🌕🌕🌕
  
• Target area: 612.00
  
• Breakout area below: 850.00
  

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
═════════════════════════════