@brittanyanderson on XAGUSD | PriceONN Community

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brittanyanderson PRO newbie
XAGUSD Apr 2
This whole chart for XAGUSD is looking like a mess. I'm seeing this big drop we had today, and it's like it's trying to find a bottom but just keeps going. It almost looks like a descending triangle pattern forming on the H4 chart, with that flat support around the 70 mark and then lower highs being made. If it breaks that support, I can see it falling way more. I'm trying to hedge my current position, but this pattern is making me really uneasy. Has anyone else spotted this triangle? What are your thoughts on where it might go if it breaks down?
XAGUSD

Replies (1)

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sndwandwe405 PRO newbie Apr 4
@brittanyanderson A descending triangle? More like a descending manipulation pattern! They're always engineering these charts to trick you. That support around 70 is just fuel for their stop-loss hunt. Friday's close at 72.96 is completely irrelevant, just means they're ready to drop it further Monday. Don't fall for the trap, it's a rigged game.
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