The arrows shows either Uptrends or down trends.
However, you have to be aware that Symmetrical Triangles also work as reversal patterns on Uptrends and downtrends.
The Butterfly pattern has four price swings, and its appearance on the chart resembles the letter“M”(in in downtrends)
and“W”(in Uptrends).
The Butterfly pattern has four price swings, and its appearance on the chart resembles the
letter“M”(in in downtrends) and“W”(in Uptrends).
Combinations of these forces are always in play in world markets,
establishing long-term themes that track equally long Uptrends and downtrends.
With eur/usd and gbp/usd on Uptrends for more than a year, a correction or
a reverse at best was late overdue.
Uptrends occur where the highest price in one
session is lower than the lowest price in the session that comes after it.
With eur/usd and gbp/usd on Uptrends for more than a year, a correction or a reverse at best was late overdue.