As it can be noticed from the graphical illustration, a nice falling wedge pattern has been formed and the price has been able to break out of the upper boundary of it. We will be waiting for the price to approach and re-test the zone of resistance portrayed on the graph before the it continues pushing to the upside and reaching the target plotted on the chart.
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.
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.