Hello traders,
I'm working today but wanted to post this technical analysis incase it occurs.
There's still an open future's CME gap around the $48,000 level.
If we do break above this falling wedge, I'd expect something like this.
Please note, it's possible we fall to my previous target of $41,444 however if this falling wedge confirms today/tomorrow at some point I'd expect a move up based on the probabilities for the pattern.
👍
I'm working today but wanted to post this technical analysis incase it occurs.
There's still an open future's CME gap around the $48,000 level.
If we do break above this falling wedge, I'd expect something like this.
Please note, it's possible we fall to my previous target of $41,444 however if this falling wedge confirms today/tomorrow at some point I'd expect a move up based on the probabilities for the pattern.
👍
Trade active
Hourly.
Trade active
2 hour.
Trade active
2 hour stoch rsi (momentum oscillator) Trade active
Trade active
Everything is going accordingly to the plan.
Trade active
Possible retest of broken trend line?
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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.