Is this a H&S pattern forming in a Descending Triangle?
I sure hope not, but hope isn't a good investment strategy.
There was a descending triangle on a smaller time frame that broke to the downside but quickly regained traction to end up playing out as a bull flag.
It would be nice to see this turn out as a giant bull flag or ascending triangle, but those red candle sticks look hella bearish..
Time will tell per usual.
There was a descending triangle on a smaller time frame that broke to the downside but quickly regained traction to end up playing out as a bull flag.
It would be nice to see this turn out as a giant bull flag or ascending triangle, but those red candle sticks look hella bearish..
Time will tell per usual.
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