The falling wedge is closing which eans that we may have to make a desicion very soon. However, we are so deep in the wedge that it may continue to go down.
A long position is only open if and only if it breaks the wedge upward before the support line at 1500.
A long position is only open if and only if it breaks the wedge upward before the support line at 1500.
Note
not looking goood because it is too deep in the wedge. higly propable it will continue to goo down to reah 510 level Trade active
good it broke the down trend and we are long
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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.