Short
Descending triangle... not the sign I was looking for
Looks like we have a descending triangle forming at the end of this set of waves. This is generally a continuation pattern indicating distribution. I would expect a breakout to the downside with this type of signal, but there are still many who are finding bull signals. Tough one to call, but it's been disappointing me in the past few days. What do you think? Let me know with a comment.
Note
Looks like this one panned out
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.