Bearish reversal (rising wedge/exhaustion): a rising wedge (higher highs + rising lower highs in a narrowing range) on a weekly chart after a big run can be a reversal or deep retracement signal
Follow risk management
Risk no more than 1%
Follow risk management
Risk no more than 1%
Note
450+ pips in profit Trade active
650+ pips in profit Reversal started
Deep retracement is coming
High Accuracy
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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.