This is a pattern we have seen a few times are always excited about finding it, It functions similar to a falling wedge. It is bullish and we can usually rely on it with some high degree of probability that it will continue upwards. We are also found in two pennants, so some type of catastrophic news in the markets could curtail us lower, I think a test of the B point in the wedge will prevail. That would put us up near a box range of $10.5k -$11.5k
As we gear up for longer-term trading styles, let's keep a clear and focused mindset knowing that this could swing either way.
YOu can learn more about these patterns points here: centralcharts.com/en/gm/1-learn/7-technical-analysis/27-chart-patterns/504-descending-broadening-wedge
Always be investing.
But if you are trading, Always use a stop loss!
As we gear up for longer-term trading styles, let's keep a clear and focused mindset knowing that this could swing either way.
YOu can learn more about these patterns points here: centralcharts.com/en/gm/1-learn/7-technical-analysis/27-chart-patterns/504-descending-broadening-wedge
Always be investing.
But if you are trading, Always use a stop loss!
Arcane Bear Founder- Tijo
Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
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.
Arcane Bear Founder- Tijo
Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
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.