There is a wedge formation on the 4h and 1h on EURUSD. I will not predict which way it will breakout, as I am a reactionary trader and neither I nor anyone can predict the future. However if it breaks under or above support/resistance AND closes, then I will execute a trade in that direction until it reaches the next support/resistance.
DO YOUR OWN ANALYSIS, DO...
Since May 2021... the $SPY has had 5 (five) 2% dips that have corrected. During the last run up prior to this 18mo push, the $SPY dipped 3 times before taking the big dip. Granted the last move was a shorter time period, so I would think that the fact that it has more dips can be seen in correlation to its length. Prepare for a correction soon. In my head I'm...
