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EUR/USD Weekly Forecast: Rising Wedge Breakdown & Bearish TargetChart Overview: The provided EUR/USD daily chart displays a well-structured Rising Wedge pattern, which eventually led to a significant bearish breakdown. The analysis highlights key levels, including resistance, support, stop loss, and a downside target, all of which contribute to a well-planned trade setup. The market structure suggests a strong bearish continuation, targeting lower price levels based on technical projections. 1. Chart Pattern: Rising Wedge Formation & Breakdown A Rising Wedge is a bearish reversal pattern that forms when price creates higher highs and higher lows, but the slope of the trendlines indicates weakening bullish momentum. This pattern is often a signal of upcoming bearish price action once a breakout occurs. Pattern Breakdown Analysis: The price moved inside the wedge, showing a gradual upward trend with declining momentum. Upon reaching a key resistance level, price faced strong rejection (marked with a red circle). The bearish breakdown below the wedge confirmed the pattern, leading to a sharp decline. A retest of the broken wedge followed before continuing downward. This confirms a classic bearish trend reversal, making it a strong technical setup. 2. Key Levels and Trade Setup: 🔹 Resistance Level (Major Supply Zone) The resistance zone (highlighted in beige) acted as a strong supply area, where buyers lost control. Price reached this resistance multiple times but failed to sustain above it. A bearish reversal initiated from this level, marking the beginning of a downward trend. 🔹 Support Level (Key Demand Zone) The support zone (also highlighted) represents a major demand area where price previously reversed. This level aligns with historical price action, making it a critical area to monitor for potential reactions. 🔹 Stop Loss Placement A stop loss is placed above the previous high within the resistance zone to protect against false breakouts. If price invalidates the breakdown and moves above this level, the bearish setup would no longer be valid. 🔹 Price Target Projection The breakdown suggests a potential drop towards 1.00874, as indicated by the 100% measured move. This aligns with previous historical support, making it a realistic downside target. 3. Trade Execution Plan: How to Trade This Setup? 📌 Entry Strategy: Traders can enter short after confirmation of the breakdown and a potential retest. A sell position can be initiated around the resistance turned support after a pullback rejection. 📌 Stop Loss Strategy: A stop loss should be set above the resistance zone (around 1.12208) to minimize risk. This ensures protection against a bullish breakout invalidation. 📌 Take Profit Strategy: The first take profit target is set at the support level near 1.04498. The final take profit target is at 1.00874, which aligns with the full measured move projection. 4. Conclusion & Market Sentiment 🔸 Bearish Market Bias – The breakdown of the rising wedge confirms strong bearish momentum. 🔸 Key Resistance Held Strong – The price was unable to break above, confirming seller dominance. 🔸 Downside Target Aligns with Previous Support Levels – A confluence of technical signals supports further decline. Final Thought: This chart presents a high-probability bearish trade setup in EUR/USD. The combination of a rising wedge breakdown, clear resistance rejection, and a defined downside target makes it an ideal short-selling opportunity. Traders should watch for price action confirmations and risk management strategies before executing trades. 🚨 Risk Disclaimer: Always apply proper risk management and confirm signals before trading. Market conditions may change, so monitoring price behavior is crucial for trade adjustments.
Short
by GoldMasterTrades
JPY/USD Weekly Forecast – Falling Wedge Breakout & Bullish MoveChart Overview This chart presents a technical analysis of the Japanese Yen (JPY) against the U.S. Dollar (USD) on a daily timeframe, published on TradingView. The setup is based on a Falling Wedge pattern, which has led to a bullish breakout, signaling a potential price rally. Let's break it down step by step. 1️⃣ Identifying the Pattern – Falling Wedge Formation The primary pattern identified in the chart is a Falling Wedge, which is a well-known bullish reversal pattern. Characteristics of the Falling Wedge in this Chart: Two downward-sloping trendlines (black lines) forming a wedge shape. Price makes lower highs and lower lows, but the distance between highs and lows gradually narrows. The breakout occurs when price closes above the upper trendline, confirming a potential uptrend. Key Observations: ✅ The pattern starts forming around September 2024 and continues until December 2024. ✅ A breakout occurs at the end of December 2024, confirming bullish momentum. ✅ After breaking out, the price retests the wedge's upper boundary, acting as new support before continuing upward. 2️⃣ Support & Resistance Zones – Key Price Levels Support Level: The support zone is marked in a beige rectangle at the bottom of the chart. This is where buyers repeatedly stepped in, preventing further decline. The price touched this area multiple times before reversing upwards, making it a strong demand zone. Resistance Level: The resistance zone is identified at the top of the chart (shaded beige area). This level represents previous price peaks, where selling pressure was strong. The price is expected to face some resistance when approaching this zone. 3️⃣ Trend Reversal Confirmation & Bullish Structure After breaking out of the falling wedge, the price has started forming higher highs and higher lows, indicating an uptrend. Key Trend Indicators: ✔ Curved blue dashed line suggests an upward trajectory, confirming a rounded bottom reversal. ✔ Price is following a trendline support, validating bullish sentiment. ✔ Momentum is strong, and buyers are in control after the breakout. 4️⃣ Trading Setup – Entry, Stop Loss & Take Profit This analysis is structured into a trading plan with clear risk management. 📌 Entry Point (Buy Confirmation) Entry is ideal on a retest of the breakout zone or a continuation of the bullish structure. The recent higher low serves as a great point to confirm trend continuation. 📌 Stop-Loss Placement Stop-loss is placed at 0.006465 (marked in blue), below the latest support. This level ensures protection against false breakouts. 📌 Take Profit Target The target is set at 0.007128, aligning with historical resistance. If momentum remains strong, the price might push even higher. 5️⃣ Risk-to-Reward Ratio (RRR) & Trade Justification Risk-to-Reward Analysis: Stop-Loss: 0.006465 (below support) Entry Price: Around 0.006671 Target Price: 0.007128 Risk-to-Reward Ratio: Approximately 1:2.5, meaning for every $1 risked, there's a $2.5 potential gain. Trade Justification: ✔ Falling Wedge breakout is confirmed. ✔ Retest of broken resistance turned support gives an ideal entry. ✔ Bullish trend structure supports the upside move. ✔ Well-defined stop-loss and take-profit levels provide controlled risk exposure. 6️⃣ Final Thoughts & Conclusion 📌 This is a textbook bullish setup based on a Falling Wedge breakout. The combination of pattern breakout, trend structure, and strong support makes this a high-probability trade. 📌 Potential Risks to Watch: If price fails to hold above stop-loss, it could indicate bullish weakness. Major macroeconomic news or fundamental events can shift momentum. 📌 Overall Bias: ✅ Bullish towards the 0.007128 target, as long as the price remains above key support zones.
Long
by GoldMasterTrades
Bitcoin Weekly Forecast | Rising Wedge Breakdown & Bearish MoveIntroduction This Bitcoin (BTC/USD) 1-Day Chart Analysis highlights a critical market development: the breakdown of a Rising Wedge pattern, signaling a potential bearish trend. After reaching a new all-time high (ATH) resistance, BTC has shown weakness, confirming a possible reversal. This analysis covers key levels, trend structure, trading setups, and market psychology for traders looking to capitalize on this move. 1️⃣ Understanding the Chart Structure Rising Wedge Pattern – A Classic Bearish Reversal A Rising Wedge is a bearish technical formation that develops when prices rise within a narrowing range. It typically features: ✅ Higher Highs & Higher Lows: Suggesting bullish momentum, but the price action becomes weaker over time. ✅ Converging Trendlines: Showing a loss of buyer strength as each rally fails to make significant new highs. ✅ Volume Decline: As the wedge matures, volume decreases, confirming reduced buying interest. ✅ Breakdown Confirmation: A sharp drop below the lower trendline validates the bearish move. In this case, BTC followed all the classic wedge characteristics, and its breakdown has initiated a potential major correction. 2️⃣ Key Levels & Market Dynamics 🔵 Resistance Level + All-Time High (ATH) (~$110K-$115K) BTC reached its ATH resistance zone but failed to hold above it. The red arrow indicates the rejection at the top, where strong selling pressure emerged. Bulls attempted multiple breakouts but failed, leading to a reversal. 🟢 Support Zone (~$78K-$80K) – Weak Retest Before Breakdown The price initially bounced off this support but struggled to hold gains. The blue support level highlights a key zone where BTC found temporary stability. A weak rally followed, but the price got rejected again, confirming the bearish trend. 🔻 Major Bearish Target (~$48,920) Using the measured move theory, the projected drop extends to $48,920, a strong historical support. The black arrow points to the expected downward trajectory. 3️⃣ Trading Setup & Risk Management 🔽 Bearish Trade Setup (Short Position Strategy) For traders looking to short BTC based on this pattern, here’s an optimal trade setup: 🔸 Entry Point: Around $85K-$90K (post-retest of breakdown) 🔸 Stop Loss: Above $100K (invalidation of the bearish setup) 🔸 Take Profit Targets: TP1: $75K (minor support) TP2: $60K (psychological level) TP3: $48,920 (final bearish target) Alternative Scenario – Bullish Recovery? If BTC reclaims $100K+ with high volume, the bearish thesis is invalidated, signaling a continuation of the uptrend. A break above ATH ($115K) would confirm new bullish strength. 4️⃣ Market Sentiment & Psychological Factors 📉 Bearish Sentiment Strengthens: Rising Wedges often cause a bull trap, where buyers expect new highs but get caught in a reversal. Current price action suggests sellers are gaining control. ⚠️ Key Risks for Traders: False breakdowns can occur if BTC sees unexpected bullish news. Keeping an eye on fundamental developments (ETF approvals, macroeconomic conditions, etc.) is essential. Conclusion – BTC Heading for a Deeper Correction? Bitcoin’s Rising Wedge breakdown strongly suggests a continued bearish trend. Short opportunities are ideal below $90K, with downside targets near GETTEX:48K -$50K. If BTC regains $100K+, bearish outlook is invalid. 📊 Trading Recommendation: Monitor price action closely and adjust risk management accordingly! Would you like me to tweak any part of this analysis? 😊
BITSTAMP:BTCUSDShort
by GoldMasterTrades
DKNG 1W – Technical and Fundamental AnalysisDKNG shares have broken a rising wedge on the weekly chart, reinforcing a bearish signal. The price is testing the $35.29 level after failing to hold above $36.88. A breakdown below $31.74 could accelerate a decline toward $28.67 and $14.89. RSI indicates weakening bullish momentum, MACD shows a bearish crossover, and EMA 50 and EMA 200 confirm a long-term uptrend but signal correction risks. Fundamentally, DraftKings remains a leader in online gambling, but its stock is sensitive to Fed rate decisions and macroeconomic conditions. The upcoming earnings report could also impact price action. Correlation with the Nasdaq and S&P 500 increases its dependence on overall market sentiment. A confirmed break below $31.74 could lead to further downside toward $28.67 and $14.89. If the price holds above $35.29, a recovery toward $36.88 is possible.
NASDAQ:DKNGShort
by TotoshkaTrades
8
CAD-CHF Nice Bearish Setup! Sell! Hello,Traders! CAD-CHF made a retest Of the horizontal resistance Level and is already marking A bearish pullback while trading In a bearish wedge pattern so If we see a breakout then A further move done is to be expected Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
WOLF: Bullish divergence on the weekly (SEP24-FEB25)It appears that this is yet another stock that has been declining in price over the past some weeks while the RSI shows a declining downside momentum (green lines on RSI/price chart) - AKA Class A bullish divergence. This indicates to me (a non-professional, newbie investor) that the selloff is cooling down and a reversal might be on the horizon. RSI could be arguably forming a wedge but with only two touches of the higher trend line it's a bit too early to tell IMO. I did enter this trade at around $7 so at a loss for now. But I figure this has potential for a pretty big move it it does actually reverse. Again I am a newish trader so I haven't learned the benefits of setting targets yet the hard way. As such, I am just pulling some gains off the table at some point when the time feels right to cover investments and leaving the rest of my shares intact so I can ride the wave if this does shoot upwards. I don't do stop loss and what not because I wouldn't invest money that I can't do without, and I have enough savings to live without the invested amount for an indefinite (for now at least) amount of time. Might be a bad take but it is what it is.
NYSE:WOLFLong
by ChartCipher
16
APEUSDT: Will This Major Resistance Trigger a Sharp Rejection?Yello Paradisers, have you spotted what’s brewing on APEUSDT? We’re sitting at a critical zone—one that could either trigger a steep drop or trap late shorts before a breakout. Here's why this level demands your full attention. 💎APEUSDT is showing strong bearish potential, currently trading inside a rising wedge pattern accompanied by bearish divergence. What's even more crucial is that this price action is unfolding right at a key resistance zone, reinforced by both the 0.618 Fibonacci level and the 200 EMA. This confluence of technical factors significantly increases the probability of a bearish rejection from here. 💎If APEUSDT consolidates around this level and begins forming clear bearish structures—such as an M-pattern, a bearish CHoCH (Change of Character), a Head & Shoulders, or even an Inverse Cup & Handle—the bearish case strengthens further. This would also allow for a tighter risk setup, improving the risk-to-reward ratio for traders who are patient and precise. 💎On the flip side, if the price breaks and closes decisively above the invalidation level, this will invalidate the bearish setup entirely. In that scenario, the smart move would be to wait for a new structure or a clean retest before making any trading decisions. 🎖This is the only way you will make it far in your crypto trading journey. Be a professional—stick to your plan, reduce your risk, and never chase the market. Timing and discipline are what separate consistent traders from the rest. Stay sharp, Paradisers. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
4
BITCOIN - Price can reach support level and then start to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago, the price long time traded near $83700 level, broke it and started to grow inside an upward wedge. Firstly, BTC rose to the resistance line of the wedge and then corrected to the support level, after which it reached the $87800 level. After several attempts to break resistance, price turned around and dropped, thereby exiting from wedge. Now it is correcting and approaching support level, slowly moving toward $83700 key support level. In my opinion, when BTC reaches $83700 level, it can turn around and start to grow to the $87800 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
Silver (XAG/USD) Rising Wedge – Bearish Breakdown Setup!A rising wedge is a pattern that typically forms when the price makes higher highs and higher lows, but the upward momentum starts weakening. The narrowing structure of the wedge indicates that buyers are losing strength, and a breakout to the downside is likely. Key Characteristics of the Rising Wedge: ✔ Higher highs & higher lows – but with reduced momentum ✔ Trendline support (lower boundary) & resistance (upper boundary) ✔ Volume decline – suggests a potential reversal Expected Scenario: If the price breaks below the lower trendline, it signals bearish pressure, and Silver could see a strong decline. 2. Key Levels & Trading Setup 📌 Resistance Level ($34.50 - $34.80) The upper boundary of the wedge is acting as strong resistance. Historically, this zone has rejected price action multiple times, indicating sellers are defending this area. 📌 Support Level ($30.20 - $30.50) A major demand zone where buyers previously stepped in. If the wedge breaks down, this is the most likely target for the decline. 📌 Stop Loss ($34.81) Placed just above the recent high and resistance zone to limit risk in case of an unexpected upside breakout. 📌 Target ($30.20) Measured move from the wedge breakdown projects a sharp decline toward the next strong support at $30.20. 3. Trade Execution Strategy 🔴 Bearish Breakdown Scenario If the price breaks below the lower trendline (around $33.00), we expect a strong move downward. 📉 Short Entry: Below $33.00 (after confirmation) 🎯 Target: $30.20 ❌ Stop Loss: $34.81 (above resistance) Confirmation Needed: ✅ Strong bearish candle close below support ✅ Increased volume during breakdown ✅ Retest of broken support turning into resistance 🟢 Bullish Alternative (Invalidation) If price breaks and holds above $34.81, the bearish setup will be invalidated, and a breakout towards $36.00 - $37.00 could be expected. 4. Additional Considerations 📌 Fundamental Factors: Keep an eye on macroeconomic news, Fed decisions, and USD strength, as these impact Silver prices. 📌 Risk Management: Avoid overleveraging and use a proper risk-reward ratio (1:3 or higher). 📌 Market Sentiment: Watch volume trends and confirm breakout or fakeout before entering trades. Conclusion This chart presents a high-probability short trade setup based on the rising wedge breakdown. If the breakdown occurs, Silver could drop toward the $30.20 support zone. However, traders should wait for confirmation before entering to avoid fakeouts. Would you like me to refine this further for a TradingView post? 🚀
OANDA:XAGUSDShort
by GoldMasterTrades
9
CHF/USD – Rising Wedge Breakdown | Bearish Setup The CHF/USD (Swiss Franc to US Dollar) 15-minute chart is currently displaying a classic Rising Wedge Pattern, which is widely recognized as a bearish reversal pattern. This setup signals weakening bullish momentum and an increased probability of a price breakdown. The chart provides a clear sell trade setup, with key levels including entry, stop loss, and target, making it a structured and well-defined opportunity for traders. 🔹 Key Technical Elements on the Chart 1️⃣ Resistance Level (Sell Zone) 📌 Location: Near 1.1350 – 1.1360 📌 Significance: This level represents a strong supply zone, meaning sellers have consistently pushed prices down from this area. Price attempted to break through this zone multiple times but was rejected, reinforcing the bearish outlook. It serves as the upper boundary of the rising wedge, confirming its role in restricting upward movement. Traders should be cautious of any false breakouts above this level before confirming a bearish move. 2️⃣ Support Level (Demand Zone) 📌 Location: Near 1.1295 – 1.1305 📌 Significance: This level has historically acted as a demand zone, where buyers stepped in to push prices back up. However, the formation of the rising wedge suggests weakening demand at this level. Once the price breaks below this support zone, it confirms a bearish trend continuation. 3️⃣ Rising Wedge Pattern (Bearish Setup) 📌 Pattern Characteristics: The rising wedge is a bearish continuation pattern that typically signals an upcoming sell-off. Price moves inside a narrowing upward-sloping range, where buyers lose strength while sellers gradually gain control. The lower trendline (dotted black line) has been providing support, but as price struggles near resistance, a breakdown becomes likely. Once price breaks below the wedge, the pattern confirms a strong bearish move. 📌 Why Is This Important? This pattern indicates that buyers are losing momentum, and a shift toward bearish control is taking place. The expected move is a sharp downward breakout, leading to lower price levels. 4️⃣ Trendline Support (Breakdown Confirmation) 📌 Location: The dashed black line below price action 📌 Significance: This trendline acted as a rising support, keeping price within the wedge. A clean break below this trendline confirms the bearish breakout. The breakdown is expected to be followed by increased selling pressure and higher trading volume. 📉 Bearish Trade Setup (Short Position Strategy) Based on the rising wedge breakdown, traders can consider the following sell trade setup: ✅ Entry Point: Sell below 1.1325 (Confirm breakdown with volume) ✅ Stop Loss: Above 1.1356 (To avoid false breakouts) ✅ Target 1: 1.1295 (First support level) ✅ Target 2: 1.1275 (Deeper downside potential if momentum continues) 🛠 Trade Rationale (Why Take This Trade?) 🔸 Bearish Price Action → Price is rejecting resistance and forming a lower high, signaling weakness in the uptrend. 🔸 Pattern Confirmation → The rising wedge has a high probability of breaking downward, leading to a sharp decline. 🔸 Risk-Reward Ratio → The setup provides a favorable risk-to-reward ratio, as traders can manage risk efficiently by placing a stop loss above resistance. 🔸 Volume Analysis → If selling volume increases upon breakout, the move becomes more reliable. 📊 Market Outlook & Final Thoughts 🔹 Bearish Scenario: If price breaks below 1.1325, expect a strong decline toward 1.1295 and potentially lower. A sharp move downward could accelerate selling pressure, targeting 1.1275 in an extended move. 🔹 Bullish Reversal Risk: If price closes back above 1.1356, the bearish setup is invalidated. Traders should exit shorts if price reclaims the resistance level. 🚨 Final Verdict: Bearish Breakdown Expected! 📉 Short Setup Activated – Targeting 1.1295 🚀 📊 Watch for Volume Confirmation Before Entering!
Short
by GoldMasterTrades
EUR/AUD Falling Wedge Pattern - Trade Buy Setup **EUR/AUD Falling Wedge Pattern - Trade Setup** **Pattern:** Falling Wedge (Bullish Reversal) A falling wedge typically signals a potential breakout to the upside. If price breaks above resistance with strong momentum, a bullish rally is expected. **Trade Details:** 📌 **Entry Point:** 1.71300 (Breakout confirmation above resistance) 🎯 **Target:** 1.74100 (Projected move based on wedge height) 🛑 **Stop-Loss (SL):** 1.70700 (Placed below recent support for risk management) 📊 **Indicator Used:** **EMA 50** (Price above EMA 50 strengthens bullish confirmation) **Technical Outlook:** 1. **Breakout Confirmation:** Price should break above the wedge resistance with strong volume. 2. **EMA 50 Support:** If price stays above the EMA 50, it adds confluence for an upward move. 3. **Risk-Reward Ratio:** ~1:4 (Good potential reward relative to risk). **Market Factors to Consider:** 🔹 **Fundamentals:** Keep an eye on economic news affecting EUR & AUD, such as interest rate decisions, inflation data, and employment reports. 🔹 **Market Sentiment:** Any risk-on or risk-off sentiment shifts could influence price movement. 🔹 **USD Correlation:** EUR and AUD react to global risk trends; any USD strength could impact the pair.
Long
by TradingStar090
EUR/AUD: Wedge Break in SightTraders should be alert to the risk of a resumption of the bullish trend in EUR/AUD. It’s been coiling within a falling wedge for much of March, with the price rebound over the past two sessions leaving the pair testing downtrend resistance. A bullish wedge break would put 1.7272 on the radar. If that were to give way it would open the door for a run towards the March 11 high of 1.7420. A stop beneath the downtrend would offer protection against reversal. RSI (14) has broken its downtrend, suggesting bullish momentum may be starting to build again even though MACD has yet to confirm the signal. Good luck! DS
Long
by FOREXcom
CAD_CHF BEARISH WEDGE PATTERN|SHORT| ✅CAD_CHF made a retest of The horizontal resistance Of 0.6213 which makes us Locally bearish biased and On top that we are seeing a Fully formed bearish wedge Pattern so IF we see a bearish Breakout from the wedge Pattern we will be expecting A further bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by ProSignalsFx
1
CAT - Falling Wedge PatternKUCOIN:CATUSDT (3D CHART) Technical Analysis Update CAT is currently trading at $0.000008225 and showing overall bullish sentiment Price has broken out from the falling wedge pattern and we are seeing beginning of the bullish trend. Expecting this trend to continue until the price hits the resistance zone. Entry level: $0.000008225 Stop Loss Level: $0.000004602 TakeProfit 1: $0.000011536 TakeProfit 2: $0.000011536 TakeProfit 3: $0.000034238 TakeProfit 4: $0.000065098 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
SUI - Falling Wedge - Confirmed BreakoutBINANCE:SUIUSDT (1D CHART) Technical Analysis Update SUI is currently trading at $2.77 and showing overall bullish sentiment Price has formed nice falling wedge and we see a clear breakout from the falling wedge pattern. I'm expecting this trend to hold and read the resistance level around $5.3 Entry level: $2.7 Stop Loss Level: $1.8 TakeProfit 1: $3.1 TakeProfit 2: $4 TakeProfit 3: $5.3 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Bitcoin can make small move up and then drop to support levelHello traders, I want share with you my opinion about Bitcoin. Earlier, price was moving inside a range, where the price repeatedly bounced between the upper boundary and the buyer zone. After multiple failed attempts to break higher, the price finally broke out and started an upward movement, forming a strong bullish impulse. This upward momentum led BTC into the support area, where it consolidated briefly before continuing to rise. From there, the price began to form an upward wedge, respecting both the support line and the resistance line of the structure. Recently, BTC tested the upper boundary of the wedge and rolled down, confirming the resistance. Now, the price is trading closer to the upper half of the wedge but shows signs of weakness near the resistance line. Based on this setup, we might see that the price can one more short-term attempt to grow, followed by a rejection from the upper boundary and a move downward toward the 86500 support level. If the price fails to hold this level, the next stop could be the support line of the wedge. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10