SWM 0.00% 20.5¢ seven west media limited

thanks mate for the advice.i jumped as the charts is creating...

  1. 1,071 Posts.
    lightbulb Created with Sketch. 179
    thanks mate for the advice.
    i jumped as the charts is creating Descending tringle.
    Downtrend: The market must be in a downtrend before the descending triangle pattern appears. This is important and emphasises that traders should not simply trade the pattern whenever the descending triangle appears.
    Consolidation: The descending triangle then appears while the market enters the consolidation phase.
    Upper trendline: While the market is consolidating, a downward sloping trendline can be drawn by connecting the highs. This downward sloping trendline shows that sellers are slowly pulling the price down – which provides further support for a bearishtrading bias.
    Lower trendline: The lower trendline acts as support. Price often approaches this level and bounces off until the breakout eventually occurs.Tnd continuation: After price posts a strong break below the lower trendline, traders will look for confirmation of the pattern via continued downward momentum.
    Last edited by Alby118: 15/06/20
 
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