Daily Chart Pattern: Descending Channel (Reversal)
1H Chart Pattern: Falling Wedge (Reversal)
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In the Daily Chart we can see a Descending Channel although it is not a perfect pattern, because in the market there is no perfection. In the 1H chart we can recognize a Falling Wedge formation and it is almost complete, we are waiting for the price to touch the trendline below and a possible Double Bottom pattern that can make the trade a high probability.
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**Disclaimer**
The content on this analysis is for educational purpose only, trade at your own risk
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1H Chart Pattern: Falling Wedge (Reversal)
____________________________________________________________________________________________________________________________________________
In the Daily Chart we can see a Descending Channel although it is not a perfect pattern, because in the market there is no perfection. In the 1H chart we can recognize a Falling Wedge formation and it is almost complete, we are waiting for the price to touch the trendline below and a possible Double Bottom pattern that can make the trade a high probability.
____________________________________________________________________________________________________________________________________________
**Disclaimer**
The content on this analysis is for educational purpose only, trade at your own risk
____________________________________________________________________________________________________________________________________________
Please like this idea for support & follow me for more market analysis
Feel free to write a comment below
Thank you & Happy Trading Guys!