A wedge is forming on the hourly chart.
Wedges can be bullish or bearish, therefore price action should be carefully watched until the end of the wedge to see if the breakout is happening upward or downward.
Wedges can be bullish or bearish, therefore price action should be carefully watched until the end of the wedge to see if the breakout is happening upward or downward.
Note
As predicted, we were expecting movement at the end of the wedge and price action has broke through the upside.
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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.