This is called a descending triangle ๐
๐น It consists of a horizontal support line (below) + a downward-sloping resistance line (above).
๐น Itโs usually considered a bearish continuation pattern, meaning the price is likely to keep falling.
๐น Entry point: when the price breaks below support ๐ป.
๐น Target: roughly the same distance as the triangleโs height, projected downward ๐ฏ.
๐น Sometimes, if it breaks upward, it can be a buy entry, but the probability is lower โ .
๐ In short: itโs a bearish signal, but the most important thing is to wait for the breakout and confirmation.
๐น It consists of a horizontal support line (below) + a downward-sloping resistance line (above).
๐น Itโs usually considered a bearish continuation pattern, meaning the price is likely to keep falling.
๐น Entry point: when the price breaks below support ๐ป.
๐น Target: roughly the same distance as the triangleโs height, projected downward ๐ฏ.
๐น Sometimes, if it breaks upward, it can be a buy entry, but the probability is lower โ .
๐ In short: itโs a bearish signal, but the most important thing is to wait for the breakout and confirmation.
