Am I the only analyst spotting this rising wedge?
It seems like we have reached a nice setup to place tight stop-loss, ADX on a daily setup is showing range zone. Price flirting around 0.5 fib. RSI heading north close to overbought.
This trade is not intended for a short position, but TP instead.
Patter invalidated over 9500
It seems like we have reached a nice setup to place tight stop-loss, ADX on a daily setup is showing range zone. Price flirting around 0.5 fib. RSI heading north close to overbought.
This trade is not intended for a short position, but TP instead.
Patter invalidated over 9500
However, some divergences have been invalidated. If there is a close over the wedge, it may convert into a rising channel. It is still early to call a patter failure.