Price action and chart pattern trading:
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.