Price seems to be losing steam. And I am pretty bearish overall and expecting lows to at least 7500-7800.
Note
Note
So, something is definitely cooking up in this pattern. As you can se, I have decided to have the trend lines follow a bit tighter as I believe the price action outside of them to be manipulation and noise to some extent. You can also see along the trend lines of this wedge pattern that there is a lot of confluence of support and resistance.
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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.