SAND/USD downward wedge and profit prediction zone
Updated
When the price broke the upper trend line of the wedge my prediction for the profit taking zone was 38% from the bottom of the wedge, based on the using the price range measuring tool to measure the open end of the wedge which was 38% at 23 bars. This time was dead on as we can now see retracement once 38% increase happened.
Comment
EDIT at 03:57leaning towards short term bearish, looking for confirmation on what appears to be a evening doji star and strong volume
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