Rising Wedge
I see a Rising Wedge pattern taking shape.
This is a bearish pattern and when the lower trend line is broken the chart breaks to the downside.
The Flash crash that started in Japan was quickly bought up. There is a lot of buyers at the volume profile. I don't believe the lower trend line has been broken, and the pattern should continue.
This is a bearish pattern and when the lower trend line is broken the chart breaks to the downside.
The Flash crash that started in Japan was quickly bought up. There is a lot of buyers at the volume profile. I don't believe the lower trend line has been broken, and the pattern should continue.
Penafian
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