There is a possible bearish move on the 1-hour timeframe.
There is rising wedge pattern using two converging yellow trendlines, this is a classic bearish reversal structure.
The wedge shows price making higher highs and higher lows, but with decreasing momentum.
Stop-Loss is marked above a recent swing high
Take-Profit is set near the lower ascending trendline, which aligns with the wedge’s breakdown target.
There is rising wedge pattern using two converging yellow trendlines, this is a classic bearish reversal structure.
The wedge shows price making higher highs and higher lows, but with decreasing momentum.
Stop-Loss is marked above a recent swing high
Take-Profit is set near the lower ascending trendline, which aligns with the wedge’s breakdown target.
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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.