Normally, this is a bullish pattern.
The bottom support line is key, so long as we do not break below it, the bias remains long.
However, do note that if the support breaks decisively, I expect a waterfall of selling to take place as longs who are betting on the same thing as aforementioned will be rushing for the exits,
The bottom support line is key, so long as we do not break below it, the bias remains long.
However, do note that if the support breaks decisively, I expect a waterfall of selling to take place as longs who are betting on the same thing as aforementioned will be rushing for the exits,
Note
If this structure breaks, we get deluge of sellingNote
So far, they will close the 11 am hourly candle inside the wedge structure.Defended by bulls for now.
Note
Awesome, I was in on that burst!Cleared until resistance!
Note
Just wanted to have a snapshot of this. Best to stay out until this resolves.
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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.