Rising Wedge with Bearish Divergence.
A break of the lower trendline in a convincing fashion,
perhaps with increased volume, indicate a trend reversal,
or a bearish continuation. Still, the reaction low at 1,08
may be a bounce level to retest such a breakout.
A close above the wedge, and upward continuation will
erase the pattern.
A break of the lower trendline in a convincing fashion,
perhaps with increased volume, indicate a trend reversal,
or a bearish continuation. Still, the reaction low at 1,08
may be a bounce level to retest such a breakout.
A close above the wedge, and upward continuation will
erase the pattern.
