A wedge is forming on the hourly chart.
Wedges can be bullish or bearish, therefore price action should be carefully watched until the end of the wedge to see if the breakout is happening upward or downward.
Wedges can be bullish or bearish, therefore price action should be carefully watched until the end of the wedge to see if the breakout is happening upward or downward.
Comment:
As predicted, we were expecting movement at the end of the wedge and price action has broke through the upside.
