Nothing complex here. Falling wedge in red seeing breakout UP around the end of July to break above the falling red trend line . On the Day chat the volume is quite thin compared to long term trends to a sustained up tick would need to be supported by sustained increases in volumes which have not been present since the turn of the year...
Ah i see but things can change drastically before this time or even after there is no way of putting a date on it :)..You
see how manipulate the market is..I have my own day chart and it has allot of trending lines resistance / support lines
but when this does break out of this type of trend it will go on a massive bull run..But no one knows when this will
happen.
Just have to keep an eye on the top resistance line for a retest.
BravoTangoCharlie
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Hi, sorry but this is not 'Falling Wedge'.
chase4fun2018
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I don't get it :D we have already broke out of the bearish trend we were in ?We fell out of the falling wedge days ago ?
see how manipulate the market is..I have my own day chart and it has allot of trending lines resistance / support lines
but when this does break out of this type of trend it will go on a massive bull run..But no one knows when this will
happen.
Just have to keep an eye on the top resistance line for a retest.