If the highlighted area hold we can expect buying pressure to set in after the breakout, consolidation, of the falling wedge formation. However if it breaks below we can expect retest and the bears to take over. Will update as time goes on, stay tuned!
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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.