Descending Triangle

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andmk2 andmk2 PRO OCDO, W,
OCDO: Will $OCDO break out of its descending triangle?
21 0 1
Will $OCDO break out of its descending triangle?

Pressure for a breakout has been building in the past few weeks. A Bullish engulfing candle could be the signal for more.

JordanWillson JordanWillson PRO AUDCAD, 240, Short ,
AUDCAD: AUDCAD Short Opportunity
32 0 3
AUDCAD, 240 Short
AUDCAD Short Opportunity

Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle. Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch. If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level. It is also visible that it is being ...

LeeThompson97 LeeThompson97 EURGBP, D, Short ,
EURGBP: GBP/EUR Descending Triangle & Regular Divergence
79 1 3
GBP/EUR Descending Triangle & Regular Divergence

Price is currently at the top of a descending triangle.. my bias is that price will break to the downside. Look for the close on the daily timeframe, if price does not break the top and instead shows a reversal candle use the counter trend line (4 hourly) to enter. On the 4 hour time frame there is also regular divergence visible, further suggesting a sell.

SilverTrader925 SilverTrader925 PRO EURNZD, 240, Short ,
19 0 1
EURNZD, 240 Short

This descending triangle has been setting up for weeks now, wait and see how it reacts around the 1.52 area if it breaks target support at 1.51 if it can get through here it has a long way to go down.

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