Price fell inside a closing wedge pattern towards the end of the last trading week and broke out of the wedge pattern with the major resistance Trendline laying above for test.
I look the long setup from the support zone in Confluence with the support Trendline of the falling wedge, and price held and moved better than expected hitting our TP.
We'll see if price would dump again from the current resistance zone and major bearish Trendline or break above and probably create new highs, we'll see.
_THE_KLASSIC_TRADER_.
I look the long setup from the support zone in Confluence with the support Trendline of the falling wedge, and price held and moved better than expected hitting our TP.
We'll see if price would dump again from the current resistance zone and major bearish Trendline or break above and probably create new highs, we'll see.
_THE_KLASSIC_TRADER_.
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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.