It is not the most perfect wedge, but it does have a support and resistance that is tested multiple times.
The bearish idea would fit in the downtrend on the weekly since august '18.
We're seeing some bearish movement right now so maybe it will break soon, while the wedge is closing in.
Keep an eye on it and thanks for reading!
The bearish idea would fit in the downtrend on the weekly since august '18.
We're seeing some bearish movement right now so maybe it will break soon, while the wedge is closing in.
Keep an eye on it and thanks for reading!
Trade closed: target reached:
The wedge analysis was a good one, it broke down as it should.
I'm curious about the next move on this cross.
I will update this later on.
I'm curious about the next move on this cross.
I will update this later on.