Consolidation occurring in the shape of a rising wedge, a traditionally bearish pattern, as traders assess the recent series of volume assisted breakouts.
A natural tendency is to test support before breaking out a third time so be prepared for some pullbacks to previous pivot high support levels.
A natural tendency is to test support before breaking out a third time so be prepared for some pullbacks to previous pivot high support levels.
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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.