MATICUSDT is printing a major descending triangle pattern.
Price is testing the descending triangle's inclined resistance.
Price action is printing a minor descending triangle.
Sell entry ⬇️ - breakdown below the minor descending triangle horizontal support.
Target 🎯- fibonacci extension levels / major descending triangle horizontal support.
Setup invalidation ❌...
a closer look at the count.
Matic looks like its finished correcting on the higher time frames and is now putting in what could be a set of 1-2's of a potentially enormous 3rd.
i've set out what is to me a very conservative trade in this idea, taking into account a possible ABC to.382. we will see how it acts after the...