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AVGO Tight Rising Wedge
Broadcom Inc.
AVGO Tight Rising Wedge
By Trading-Capital
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Mar 22, 2023
2
Mar 22, 2023
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.
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