How GOLD made biggest trap for Buyyers

25 nov 2020

How GOLD made biggest trap for Buyyers


in this idea said that there would be a downward movement.

False breakdown of the trend (circled by a yellow oval).
Buyers were activated.
I remember how all the authors wrote about growth.
and a sharp collapse continued to fall.
the trend began to descend.
at the wrestling triangle, you can enter into a deal.


Below is a description of descending triangle.

The descending triangle is recognized primarily in downtrends and is often thought of as a bearish signal. As you can see in the above image, the descending triangle pattern is the upside-down image of the ascending triangle pattern. The two lows on the above chart form the lower flat line of the triangle and, again, have to be only close in price action rather than exactly the same.

The development of the descending triangle takes the same amount of time as the ascending triangle, and volume again plays an important role in the breakout to the downside. (Some analysts believe that increased volume is not all that important. We, however, believe it to be paramount. We always consider the strength or weakness of volume as being the "straw that stirs the drink.")


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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade

27 nov 2020

Nota

update