Greetings,
let's look at the daily chart for more local work.
The price of the tool has formed a falling wedge figure, which can be reversed for a local downtrend. Also, a symmetrical triangle has been formed inside the wedge, which itself is a 50-50 uncertainty figure, but considering the local trend downwards, it is most likely a bearish signal. A bearish dodge is also visible for 6.10. In addition, there is no volume, and in general the market is locally bearish. There are all chances that the wedge will reach the horizontal support 50-51. The entry to the wedge breakdown or rollback after the breakdown, and the presence of the buyer volume. Targets the wedge 120-125.
The main trend of the tool showed in the past idea.
This is not a signal to buy, but information for observation. Always assess your risks and put a stop loss.
If you liked the idea, support with liking and subscription, it motivates new trading ideas.
let's look at the daily chart for more local work.
The price of the tool has formed a falling wedge figure, which can be reversed for a local downtrend. Also, a symmetrical triangle has been formed inside the wedge, which itself is a 50-50 uncertainty figure, but considering the local trend downwards, it is most likely a bearish signal. A bearish dodge is also visible for 6.10. In addition, there is no volume, and in general the market is locally bearish. There are all chances that the wedge will reach the horizontal support 50-51. The entry to the wedge breakdown or rollback after the breakdown, and the presence of the buyer volume. Targets the wedge 120-125.
The main trend of the tool showed in the past idea.
This is not a signal to buy, but information for observation. Always assess your risks and put a stop loss.
If you liked the idea, support with liking and subscription, it motivates new trading ideas.
