All details in chart BUT i have 1 question :
Normally prices should be seen to touch both trendlines twice. Two touches to form the horizontal trendline and two touches to form the sloping trendline.
So, is this pattern still viable after we've seen more than 2 touches on the horizontal trendline?
Any help would be greatly appreciated !
Normally prices should be seen to touch both trendlines twice. Two touches to form the horizontal trendline and two touches to form the sloping trendline.
So, is this pattern still viable after we've seen more than 2 touches on the horizontal trendline?
Any help would be greatly appreciated !
Comment:
i wanted to add, even if it turns out to be an ascending broadening wedge, as could be seen in candles, the outcome should still be bearish