NICKEL1! - Entry 24-02-2022

MCX:NICKEL1!   Nickel Futures
Descending Continuation Triangle


A Descending Continuation Triangle is considered a bearish signal, indicating that the current downtrend may continue.


A Descending Continuation Triangle features two converging trendlines. The bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower. The pattern displays two highs touching the upper trendline and two lows touching the lower trendline.


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