Dash Triangle Chart Pattern

The symmetrical triangle mainly forms during a trend as a continuation chart pattern. But this time the price broke the support line and we should consider this pattern as a reversal one. The market confirms that it's going to move lower. Will it be true or fake signal? We'll see soon. But now we must follow the market movement. Based on this triangle, we can spot estimated profit target. It will be between 200.00 and 170.00 levels. This zone will be good for buying based on reversal signals. But for reaching this zone the market will have to break several strong support levels. As for trading, it will be possible to open long positions with small volume every time when market drops lower. The market is bullish and this falling is good opportunity for buying.

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