Get started
AhmedMortaja

preparing for a downside trend

U.S. Dollar / Israeli Shekel (FOREXCOM:USDILS)  
AhmedMortaja Updated   
FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
Technical Indicators Chart Patterns
10
1
indicator chartpattern
I think that the price is preparing for a downside trend for the following technical reasons
1 monthly resistance
2 bearish divergence on weekly chart
3 bearish divergence on daily chart
4 The rising wedge pattern
Comment:
Every time the price hit the upper boundary of the wedge, it bounced down.. Will it rebound this time to reach the lower boundary?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.