USDNZD [SHORT] Descending Channel Similar Triangles

Observation
- Upward movement slope SIMILAR from strong uptrend on previous price action.
- Downward movement slope SIMILAR from small downtrend on previous action.
- Each price deflection are in the areas of Shortage and Surplus Zone.

Analysis
Form 2 similar triangles inside the Descending Channel for price prediction.

הערה:

The point of constructing channel is not to pin point where will be the price at this time but rather to have a tool for estimating the direction of the market.

Now the market just break out from the channels.

הערה:

Price escape downward channel and now change downward trend to playing around support area (blue box).

Once price jumps out of the blue box, it is a good sign of a bullish trend.

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