Multiple tf analysis
Price retesting wedge support/resistance in an ascending triangle if breakout is achieved wedge can continue to take shape
Note ascending triangle is small and small pattern have smaller effects as opposed to bigger ones, an example is the green falling channel with it resistance constantly being tested the resistance in the channel causes rejection allowing wedge to break structure.
If price doesnt breakout triangle to get back into the wedge this week might turn out bearish
Note that Rising wedges are bearish meaning price is bound to call at some point
Note h & s on weekly tf
Best is to do nothing
Note ascending triangle is small and small pattern have smaller effects as opposed to bigger ones, an example is the green falling channel with it resistance constantly being tested the resistance in the channel causes rejection allowing wedge to break structure.
If price doesnt breakout triangle to get back into the wedge this week might turn out bearish
Note that Rising wedges are bearish meaning price is bound to call at some point
Note h & s on weekly tf
Best is to do nothing
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