The request for analysis was too high for CFX.
After examining this symbol, we realized that we are witnessing the formation of a bearish contraction triangle.
Note that this is not a buy setup but a sell/short setup.
Until it reaches the "sell zone", short this symbol is dangerous unless you get a confirmation or a trigger.
When the whales want to execute their heavy sell orders, we see such big triangles and time consuming.
I marked the simpler movement with a dashed arrow
After examining this symbol, we realized that we are witnessing the formation of a bearish contraction triangle.
Note that this is not a buy setup but a sell/short setup.
Until it reaches the "sell zone", short this symbol is dangerous unless you get a confirmation or a trigger.
When the whales want to execute their heavy sell orders, we see such big triangles and time consuming.
I marked the simpler movement with a dashed arrow
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By hitting the red box, it dropped about 13%
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