OH NO, Don’t tell me this is a Descending Triangle.

OH NO, Don’t tell me this is a Descending Triangle.

fBVhTy - OH NO, Don't tell me this is a Descending Triangle.

In my previous post linked to this one i talked about the 200 Day MA playing as the floor of a hidden descending trianlge, this may actually take place.

There was a slight fake out to the upside indicating a bull flag breakout, but it didn’t sustain momentum & it’s likely going to result in this being a giant descending triangle .

Only Time will tell, but we slipped under the 200 Day MA several times on a 5 day chart as well, and on the daily we’re currently below it.

Published at Fri, 08 Nov 2019 00:15:59 +0000

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