AVGO Tight Rising Wedge
This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle.
The short trade setup may coincide with a hit of the double top and top of the rising wedge.
Some distribution is clearly occurring near these levels.
The short trade setup may coincide with a hit of the double top and top of the rising wedge.
Some distribution is clearly occurring near these levels.
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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.