This decrease wedge is considered a berish.
It has been forming over the past 3 months, with the current market i would say we have a much higher probability of breaking down.
It could be worth taking a quick swing trade back to the top of the channel, if so i would have TIGHT stop losses and get ready to go short once it reacher the top.
It has been forming over the past 3 months, with the current market i would say we have a much higher probability of breaking down.
It could be worth taking a quick swing trade back to the top of the channel, if so i would have TIGHT stop losses and get ready to go short once it reacher the top.
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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.