The double bottom at support is giving shape to a descending triangle pattern.
Lower highs and a horizontal line of support are the trademarks of this pattern.
If we see just another lower high on this small bounce attempt, the range will continue to tighten.
We are on the verge of a bearish cross of 4 hour EMA 12 and 26.
Essentially bears still have short term control, but the bulls are not just rolling over and giving it to them.
Bulls have to make a convincing shift in momentum this morning or another leg down is inevitable.
Lower highs and a horizontal line of support are the trademarks of this pattern.
If we see just another lower high on this small bounce attempt, the range will continue to tighten.
We are on the verge of a bearish cross of 4 hour EMA 12 and 26.
Essentially bears still have short term control, but the bulls are not just rolling over and giving it to them.
Bulls have to make a convincing shift in momentum this morning or another leg down is inevitable.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
