Wedge formation can be seen on weekly and daily. Not full enough for the breakout yet, but have to wait and see what price does for now. In the meantime, the wedge may not even be broken this week. Currently, waiting for breakout or rejection of overall trendline.
BEAR TPS:
If overall trendline respected...
Must break trendline to reach these TPs...
BULL TPS:
BEAR TPS:
If overall trendline respected...
- 83.598
- 83.383
- 83.078
- 82.753
Must break trendline to reach these TPs...
BULL TPS:
- 84.405
- 84.889
- 85.691
Note
Overall trendline rejected.Note
Returned to overall trendline today thanks to news, but now a double top has formed. Looking for a big drop from this to confirm double top formation back into wedge or just as far as retesting the overall trendline for continuation.Trade active
New BEAR TPS:- 84.088
- 83.658
- 83.383
- 83.301
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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.