From the price action perspective the failed breakout has been confirmed. The price had retreated back to consolidation area and retested top of the broken wedge. There is a small bounce as well as the RSI oversold condition. At this point the sellers may try to push and break the consolidation bottom. If they succeed it could created a strong liquidation move. If they fail the price would continue to balance in the existing range. Watching a smaller time frame may help to get on board earlier either long or short.
10/2/2019
10/2/2019
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Related publications
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.