POSSIBLE CONTINUATION
greetings traders
i spotted what i believe to be a rectangle pattern today so i believe the trend will continue down here's why ...
my first signal appears if you look at the most recent candle which shows strong bearish pressure close to a support line, following that the RSI is favoring continued bearish conditions and my final confirmation is the stochastic indicating a probable move down (note my inputs for the stochastic have been modified for trending markets), be aware price may bounce of the level of support its unlikely but could happen.
as always remember these are uncertain times so take extra caution.
i spotted what i believe to be a rectangle pattern today so i believe the trend will continue down here's why ...
my first signal appears if you look at the most recent candle which shows strong bearish pressure close to a support line, following that the RSI is favoring continued bearish conditions and my final confirmation is the stochastic indicating a probable move down (note my inputs for the stochastic have been modified for trending markets), be aware price may bounce of the level of support its unlikely but could happen.
as always remember these are uncertain times so take extra caution.
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