I am trying to follow the technical, however I also look for pasterns that's evolving around the technicals. I have two symmetrical wedges with the first one on the 12th of June. I pitchforked it and found the same angle as before on the 22nd , I drew a dotted blue line to give some direction. The market structure were extremely fast going up and also extremely fast going down. Thus a larger pattern forming with some turbulence on the way.
The Falling wedge on the 4 hourly are retesting the 200MA which has flipped to resistance. The weekly MACD suggest a high potential for a upside move especially on the larger timeframe's.
The Falling wedge on the 4 hourly are retesting the 200MA which has flipped to resistance. The weekly MACD suggest a high potential for a upside move especially on the larger timeframe's.
