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Leo524
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$STX
700 done🔥 was my analysis helpful to anyone ?
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Leo524
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$STX 2H Chart Update ✔
🔴 Watch out for the triangle breakout✔
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#Educational_Post Falling Wedge vs Bearish Pennant 🔴 The falling wedge features two converging trendlines that slope downward, indicating decreasing selling pressure and often signalling a bullish reversal when the price breaks above the upper trendline. 🔴 Conversely, the bearish pennant forms after a significant downward movement and is characterised by converging trendlines that create a small symmetrical triangle. This pattern represents a consolidation phase before the market continues its downward trend upon breaking below the lower trendline. 🔴While the falling wedge suggests a potential bullish move, the bearish pennant indicates a continuation of the bearish trend🔴
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