#SUPERMEIND - Downward Breakout- Invalid Symmetrical Triangle
Downward Breakout- Invalid Symmetrical Triangle
1.There are not enough price crossings to fill the triangle, leaving white space predominating.
2.There are not enough price crossings of the triangle to suggest a reliable formation. Although prices touch
both trend lines several times, there is too much white space filling the center
of the formation.
3. Point E area is crucial now. It may decide trend but as its look like invalid pattern so expecting to fall down with spike.
4. Waiting to do short until confirmation.
1.There are not enough price crossings to fill the triangle, leaving white space predominating.
2.There are not enough price crossings of the triangle to suggest a reliable formation. Although prices touch
both trend lines several times, there is too much white space filling the center
of the formation.
3. Point E area is crucial now. It may decide trend but as its look like invalid pattern so expecting to fall down with spike.
4. Waiting to do short until confirmation.
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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.