Slowdown.. testing upper wedge line several times
Also ADX + Stoch confirm slowdown
However, 98.245 has become Support inside Wedge
(confirmed - 3 bars on support @ 50%)
Previous estimate of heading to 95 now highly unlikely
More likely that we are headed to test 104
in lieu of the Weekly chart - if we do breakout but fail to breach 104, then it's going to be a nice fall all the way back to 95...
Also ADX + Stoch confirm slowdown
However, 98.245 has become Support inside Wedge
(confirmed - 3 bars on support @ 50%)
Previous estimate of heading to 95 now highly unlikely
More likely that we are headed to test 104
in lieu of the Weekly chart - if we do breakout but fail to breach 104, then it's going to be a nice fall all the way back to 95...
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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.