This pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards.
Strategy:
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
Strategy:
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
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