Looking at price to range within this Descending Triangle.
Price has manipulated the highs and rejecting off the descending trendline.
At lower time frame: Lower Highs (LH) and Lower Lows (LL) can be seen. Price is retracing back to the trendline where the first sell entry will be sought.
Sell entry 2 will be upon the correction proceeding the broken support.
Let me know what you think.
Price has manipulated the highs and rejecting off the descending trendline.
At lower time frame: Lower Highs (LH) and Lower Lows (LL) can be seen. Price is retracing back to the trendline where the first sell entry will be sought.
Sell entry 2 will be upon the correction proceeding the broken support.
Let me know what you think.
Still bearish for me unless fundamentals change.