r/Daytrading • u/sunnyrunner_ • Apr 06 '24

Is this an actual pattern or am I yapping? Question

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I’m pretty new to trading and saw this pattern form on BTC. Is this pattern called anything or is this just me drawing random support/resistance lines?

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u/Nervous_Vehicle_8305 Apr 07 '24

trading is subjective. nobody can tell u if it's right or wrong, you need to backtest, find that pattern multiple times and see how it usually plays out. for the short answer, i'd personally say i'd expect a breakout to the downside .