opposite to my previous analysis, this time I intend to look at the chart from a bearish perspective.
After the previous bearish wave, a correction wave was formed in the form of a falling wedge pattern.
in 90% of cases, when this pattern occurs after a Bearish Impulse Wave, it indicates a price correction before another Bearish wave.
we will probably have a MACD bearish cross soon, but the RSI is bullish.
I think the bearish scenario is more logical, what do you think?
Please share your opinion
After the previous bearish wave, a correction wave was formed in the form of a falling wedge pattern.
in 90% of cases, when this pattern occurs after a Bearish Impulse Wave, it indicates a price correction before another Bearish wave.
we will probably have a MACD bearish cross soon, but the RSI is bullish.
I think the bearish scenario is more logical, what do you think?
Please share your opinion