The 100MA has previously been seen as a point of support for price
Price is currently trending just above it, hopefully this is a reversal point and we see a takeoff out of the triangle
The opposing triangle direction to the previous must also be acknowledged and this places a bearish assumption however,
Hopefully price just continues and avoids this emerging rising wedge/triangle
Price is currently trending just above it, hopefully this is a reversal point and we see a takeoff out of the triangle
The opposing triangle direction to the previous must also be acknowledged and this places a bearish assumption however,
Hopefully price just continues and avoids this emerging rising wedge/triangle
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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.