Hello there,
as stated before, the daily/4h (chart represented in the 4) is showing a possible descending triangle .
Thought is not a perfect setup as triangle, is still has 3 touches in the bottom and the representation which i showed would be a the ideal case of a breakdown. The possible target is not the low, could go lower or even never arrive to the low. Is a possibility which i don't wanna take off the tables.
The EMA's in the 4h are spreading fast and it can't go on as this for long.
Lest's see, I just know when everyone is bearish wait for the contrary to happen.
as stated before, the daily/4h (chart represented in the 4) is showing a possible descending triangle .
Thought is not a perfect setup as triangle, is still has 3 touches in the bottom and the representation which i showed would be a the ideal case of a breakdown. The possible target is not the low, could go lower or even never arrive to the low. Is a possibility which i don't wanna take off the tables.
The EMA's in the 4h are spreading fast and it can't go on as this for long.
Lest's see, I just know when everyone is bearish wait for the contrary to happen.
Trading and analysis are two different skill sets. A tiny percentage of traders possess both capabilities. TA, investor and Developer. Space engineer - CFA
