This chart has a bit of everything.
The long term trendline is holding at the profit target of a harmonic pattern, and not only that the rejection was obvious.
Besides that we see a rising wedge, and in a downtrend its typically a sign of a continuation of the trend.
Considering the extreme rejection and the rising wedge , im expecting a downward move from this point.
Dont forget to like the chart and make sure you state your thoughts regarding the analysis in the section below
Happy trading
The long term trendline is holding at the profit target of a harmonic pattern, and not only that the rejection was obvious.
Besides that we see a rising wedge, and in a downtrend its typically a sign of a continuation of the trend.
Considering the extreme rejection and the rising wedge , im expecting a downward move from this point.
Dont forget to like the chart and make sure you state your thoughts regarding the analysis in the section below
Happy trading
Note
Just noticed the 886 Gartley...
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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.