Falling Wedge in yellow
A Falling Wedge is a bullish continuation pattern and in this case is at the bottom of a larger ascending channel
Once price touches this lower channel band again and forms a double bottom the falling wedge will come into effect and push price back up further into the ascending channel
A Falling Wedge is a bullish continuation pattern and in this case is at the bottom of a larger ascending channel
Once price touches this lower channel band again and forms a double bottom the falling wedge will come into effect and push price back up further into the ascending channel
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.