6.22.21 $72.95
My guess is that the market will be bearish in near future.
Because:
- In 2018, when market reached $75.50 it fell to $66.60 support level twice.
- Since April 2021, the market shows rising wedge pattern which most likely breaks down.
- The dynamic resistance and the rising wedge resistances are both one the same level
- It is time for consolidation
My guess is that the market will be bearish in near future.
Because:
- In 2018, when market reached $75.50 it fell to $66.60 support level twice.
- Since April 2021, the market shows rising wedge pattern which most likely breaks down.
- The dynamic resistance and the rising wedge resistances are both one the same level
- It is time for consolidation
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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.