Falling wedge sitting just above an area of high volume/support on the initial leg up.
This is the last zone of support before the previous cycle's bottom.
(Volume Profile on the full leg up)
A nice falling wedge has formed, and the price is now testing the top trendline after having a few days of bullish price action.
As seen in the arrows, a break here could change the short term trend and potentially begin a recovery phase.
This is the last zone of support before the previous cycle's bottom.
(Volume Profile on the full leg up)
A nice falling wedge has formed, and the price is now testing the top trendline after having a few days of bullish price action.
As seen in the arrows, a break here could change the short term trend and potentially begin a recovery phase.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
