WHAT'S NEXT SWISS?
Hello traders! We got 3 bats and they are shrinking as we get closer and closer to a conclusion from this wedge. The first bat was not illustrated because the chart is busy as it is. However, all three PRZs (potential reverse zones) were respected near D points and we see price broke out of the most recent PRZ. What's next? We should monitor for that my friends, there is a minor head and shoulder pattern forming and an inverted one as well which is major. I wish I could show it but as stated, the chart is already busy. Lets see if price breaks out to the upside since it already made the inverted right shoulder, hopefully you recognize it. Or will it break to the down side of the smaller wedge to retest for a right shoulder short to the bottom of the larger wedge. Hope this wasn't confusing, we have been trading this wedge for almost a month which explains the messy chart.
Analyze, monitor, execute.
Trade smart don't gamble!
Analyze, monitor, execute.
Trade smart don't gamble!
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.
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.