We see price action consolidating into a falling wedge pattern, which is also a reversal patter. Price is at a crucial zone because it is at a major support zone and also at the bottom of the wedge. Therefore, we are predicting a reversal from this zone.
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.