A Rising Wedge is a bearish pattern formed when the market begins making higher highs and higher lows. All of the highs must be in-line so that they can be connected by a trend line. This chart pattern has a wide trading range at the bottom and contracts to a smaller trading range as prices trend up. The rising wedge pattern signals a possible selling opportunity either after an uptrend or during an existing downtrend. The entry (sell order) is placed either when the price breaks below the bottom side of the wedge or the price finds resistance at the lower trend line.
GoodLuck friend
Entry: 21200-21400
SL: 21800
TP1: 20300
TP2: 19400
Tp3: 18500
GoodLuck friend
Entry: 21200-21400
SL: 21800
TP1: 20300
TP2: 19400
Tp3: 18500
Note
breakout 2100018500 Available soon
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possible wave 5 to be countinue 16000-14000
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in the end check " DXY "
Note
Trade Close
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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.