A steep rising wedge has formed — a classic bearish pattern often signaling exhaustion.
Price is testing strong yellow resistance zones between 1.3795 – 1.3855.
Entry Dates:
📅 June 23 & 24 — ideal windows to catch a possible reversal.
📉 Bearish Targets:
→ 1.3750
→ 1.3700
→ 1.3640
→ More downside if momentum kicks in.
🧠 This setup screams “overbought squeeze → sharp drop”. Big players might be waiting to short the rip.
Markets move in angles. I follow the lines.
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.
Markets move in angles. I follow the lines.
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.