Folks,
We see a Rising wedge on the 4 hour chart.
plus shadows that meet exact the same price. If it were 2 days in a row meeting the same high than it would have been a Tweezer TOP and that is known as a very bearish signal and could mean a major reversal.
Ok it ain't 2 days in a row but I would interpret is as some sort the same because bulls can not push prices higher and we have to watch out. This in combination with the Rising Wedge means double trouble.
Be AWARE and make sure your stop loss is wel set!
We see a Rising wedge on the 4 hour chart.
plus shadows that meet exact the same price. If it were 2 days in a row meeting the same high than it would have been a Tweezer TOP and that is known as a very bearish signal and could mean a major reversal.
Ok it ain't 2 days in a row but I would interpret is as some sort the same because bulls can not push prices higher and we have to watch out. This in combination with the Rising Wedge means double trouble.
Be AWARE and make sure your stop loss is wel set!