Daily Chart Pattern: Descending Channel (Reversal)
1H Chart Status: Momentum Candles
____________________________________________________________________________________________________________________________________________
In the Daily Chart we can see a Descending Channel Pattern that indicates a potential reversal in the market. We can see in the 1H chart the momentum candles that says there are now more Buyers present in the market. Therefore the price can break the Descending Channel IMPULSIVELY or the price will have a short term correction because of the heavy momentum of the candles then continue to go up or in other perspective the price can retrace and make a Double Bottom Pattern then continue to go up.
____________________________________________________________________________________________________________________________________________
**Disclaimer**
The content on this analysis is for educational purpose only, trade at your own risk
____________________________________________________________________________________________________________________________________________
Please like this idea for support & follow me for more market analysis
Feel free to write a comment below
Thank you & Happy Trading Guys!
1H Chart Status: Momentum Candles
____________________________________________________________________________________________________________________________________________
In the Daily Chart we can see a Descending Channel Pattern that indicates a potential reversal in the market. We can see in the 1H chart the momentum candles that says there are now more Buyers present in the market. Therefore the price can break the Descending Channel IMPULSIVELY or the price will have a short term correction because of the heavy momentum of the candles then continue to go up or in other perspective the price can retrace and make a Double Bottom Pattern then continue to go up.
____________________________________________________________________________________________________________________________________________
**Disclaimer**
The content on this analysis is for educational purpose only, trade at your own risk
____________________________________________________________________________________________________________________________________________
Please like this idea for support & follow me for more market analysis
Feel free to write a comment below
Thank you & Happy Trading Guys!