During the last 2 years, we can clearly see 2 beautifully formed patterns that broke down and capitulated the bulls
Looking at the chart today we can see huge rising wedge forming on a daily, and we are right at the top of it!
Could be a good shorting opportunity as we right at the top of the wedge.
The market feels too optimistic for a continues rally.
If the wedge breaks down, bulls could capitulate all the way down to 6.8k
Looking at the chart today we can see huge rising wedge forming on a daily, and we are right at the top of it!
Could be a good shorting opportunity as we right at the top of the wedge.
The market feels too optimistic for a continues rally.
If the wedge breaks down, bulls could capitulate all the way down to 6.8k
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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.