Xafada

Descending Continuation Bearish Triangle

Short
NYSE:TEX   Terex Corporation
0
This bearish pattern is the combination of a horizontal support line and falling resistance line. It looks price made lower higher and new lower low which is confirmed today though market was up in general. It looks next leg down will take a few months and the chance to see another 25% drop is very likely if you decide to take a short position do your homework and make your stop at and around recent swing high or 21-day moving average. Checkout www.2waytrading.com

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.