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The price is forming a rising wedge pattern, which is a bearish pattern.
Also the price is in a downtrending channel. This gives a good signal the price will fall to its support trendline.
Please support my work by following the Trading View profile
Guys do not trade this idea before you make your own research!
The price is forming a rising wedge pattern, which is a bearish pattern.
Also the price is in a downtrending channel. This gives a good signal the price will fall to its support trendline.
Please support my work by following the Trading View profile
Guys do not trade this idea before you make your own research!
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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.