Hello traders,
Rising wedge pattern formed on the 2 hour chart, these have the opposite resolution of a falling wedge which is bearish for this pattern.
The falling wedge from $41,100 I've posted prior played out with the 1-5 wave count, so I'm going to do the same thing but reversed.
Stay safe and have a great weekend, I'll post on Monday with an update.
👍
Rising wedge pattern formed on the 2 hour chart, these have the opposite resolution of a falling wedge which is bearish for this pattern.
The falling wedge from $41,100 I've posted prior played out with the 1-5 wave count, so I'm going to do the same thing but reversed.
Stay safe and have a great weekend, I'll post on Monday with an update.
👍
Trade active:
So far everything is going according to plan.
If $45,000 doesn't hold buyers will likely be trapped and be forced to sell lower or end up liquidated.
If this 5 wave count plays out we could see $37,400 within the next 7 days.
So far everything is going according to plan.
If $45,000 doesn't hold buyers will likely be trapped and be forced to sell lower or end up liquidated.
If this 5 wave count plays out we could see $37,400 within the next 7 days.