Descending wedges are special patterns that always break upwards in profit.
Pattern is not complete until it closes ABOVE the wedge and breaks it.
Volume profile is indicating some support at the POC level, and things are starting to set up.
Possible that it may continue as this pattern is not confirmed until breakout.
Pattern is not complete until it closes ABOVE the wedge and breaks it.
Volume profile is indicating some support at the POC level, and things are starting to set up.
Possible that it may continue as this pattern is not confirmed until breakout.
Trade active:
breakout confirmed