SQ ready to short?
Updated
Bearish rising Wedge - “Because a continuation wedge in an uptrend should slope downward against the prevailing trend, the rising wedge is a clue to the chartist that this is a bearish and not a bullish pattern.”
Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com/us/book/technical-analysis-of-the-financial-markets/id623384304
Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com/us/book/technical-analysis-of-the-financial-markets/id623384304
Note
Good timing to enter the short position - Support was broken.
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.