Rising Wedge
I see a Rising Wedge pattern taking shape.
This is a bearish pattern and when the lower trend line is broken the chart breaks to the downside.
The Flash crash that started in Japan was quickly bought up. There is a lot of buyers at the volume profile. I don't believe the lower trend line has been broken, and the pattern should continue.
This is a bearish pattern and when the lower trend line is broken the chart breaks to the downside.
The Flash crash that started in Japan was quickly bought up. There is a lot of buyers at the volume profile. I don't believe the lower trend line has been broken, and the pattern should continue.
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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.