Price action has been retesting previous wedge break for the last 2 weeks which is very impressive but a common pattern I have noticed in many assets lately. I think it a new bot algorithm that collects breakout short stops and distribute to exuberant longs.
Price action has formed a secondary rising wedge that broke down today on news of a higher bond yields. Coincidently dollar broke again from another descending wedge and is going up while gold is dropping .
Price action has formed a secondary rising wedge that broke down today on news of a higher bond yields. Coincidently dollar broke again from another descending wedge and is going up while gold is dropping .
Comment:
target reached
