People are over exited about Inverted H&S formation or Small Triangle formations but they forget the bigger pattern makes the direction of market.
In daily chart I see this "Right-Angled and Descending Broadening Formations" which it can be Bullish or Bearish but in a down trend must of the time it breaks out bullish.
As I see it can breakout upward now but because the length of RADB pattern is short the breakout will not have enough energy to move up the price too much.
But if it not breakout and go down then it will touch the down trend line between 2.2K to 1.8k $.
For more information about RADB pattern read this page:
Right-Angled and Descending Broadening Formation
In daily chart I see this "Right-Angled and Descending Broadening Formations" which it can be Bullish or Bearish but in a down trend must of the time it breaks out bullish.
As I see it can breakout upward now but because the length of RADB pattern is short the breakout will not have enough energy to move up the price too much.
But if it not breakout and go down then it will touch the down trend line between 2.2K to 1.8k $.
For more information about RADB pattern read this page:
Right-Angled and Descending Broadening Formation
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