We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge?
What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to see is the price goes back to $42 trapping the bulls and then smacking down. This will confirm a falling wedge. If not it will go much higher. So if a falling wedge is to be form this and next week in the 30 min chart. I expect the new higher low to be $38 trapping the bears. Beyond that I am bullish. Anything below $37 will break this pattern.
What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to see is the price goes back to $42 trapping the bulls and then smacking down. This will confirm a falling wedge. If not it will go much higher. So if a falling wedge is to be form this and next week in the 30 min chart. I expect the new higher low to be $38 trapping the bears. Beyond that I am bullish. Anything below $37 will break this pattern.
Nota
I don't want to republish. but keep in mind the lower trendline of the falling wedge starts at the tip of High $41.56 October 18th 8:30 and diagonally touch Low $41.35 October 18th 9:30am
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.