I have been a lurker for a while and just starting to watch closer. Would this be considered a rising wedge in a channel? My assumption would be that this will retest resistance and is likely to break to the downside. Any tips/criticism?
Comment:
Still waiting on this daily close. There is still a chance this comes into play.
The likely scenario is that it comes back to 1500 as support, though.
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The likely scenario is that it comes back to 1500 as support, though.