What Does Mean, Things: Consolidation
Found within a Fx downtrend, the downward triangle forms as a consolidation interval within the downtrend and implies downside continuation will follow. The sell produced a descending triangle during its downtrend which led to what is more selling and continuation of the downtrend. The technical trade signal is when rate or price halts the lower horizontal slanting line as selling resumes to push the market lower. The figure is produced by two parallel rows that function as support and resistance for the price til the price breaks out. Generally speaking, the flag won't be perfectly flat but it will be inclining.
Pulse Of market preferential Internet site of short term base above 1500 - 1525 (low at 1554.