At the cusp of violent volatility. Price Action broke out of an ascending triangle previously discussed. The measured move of this ascending triangle is 77.4k.
However a rising wedge has been painted. If price action break up from this rising wedge this will result in a blow off top reaching 110k.
Otherwise, if price respects the rising wedge then it will be a start of a sustained trend down to close the cme gaps like in March 2020.
However a rising wedge has been painted. If price action break up from this rising wedge this will result in a blow off top reaching 110k.
Otherwise, if price respects the rising wedge then it will be a start of a sustained trend down to close the cme gaps like in March 2020.
Note
The odds of a break down from the rising wedge have increased. Not sure if price action will close this weekend gap. Maybe this weekend gap will be closed after the gaps below are closed. Note
Closed second gapNote
wow
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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.