Rising wedge ready to fall
Checkout this rising wedge on the BCHUSD 4H chart. The increased volume during the previous three periods is interesting too. Rising wedges are expected to fall.
It could also just go the other way ¯\_( $ )_/¯.
It could also just go the other way ¯\_( $ )_/¯.
Note
It could also be seen as a bearish pennant.Note
And if we flatten out the top ray, this could even be a ascending triangle.
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