You never know when a rising wedge will break really but one thing for sure is you don’t go long when you see it forming.
Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway.
Cheers GL. This is a follow up from my previous in depth analysis.
Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway.
Cheers GL. This is a follow up from my previous in depth analysis.
Note
Update on rising wedge. Since 42.4k alert that's almost a 1K drop. Next level to watch for 41420. We are under liquidity zone from Friday now.Note
Rising wedge update. All targets hit. Watching next support break, if applicable.40.1k - 40.6k will be a tough one as indicated.
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CEO & full-time trader.
🔥 Join the free community: discord.gg/buythedip
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
🔥 Join the free community: discord.gg/buythedip
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
Related publications
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.