The descending channel pattern is often a bullish signal for long positions after a breakout confirmed with a retest off the support trendline.
The pattern is followed by lower highs, after an upside penetration of the upper trend line.
The penetration is perfect for going in a short position.
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Best Regards, Reda Souhail™
The pattern is followed by lower highs, after an upside penetration of the upper trend line.
The penetration is perfect for going in a short position.
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Best Regards, Reda Souhail™
