Price action moving inside symmetrical triangle, is it bear flag or forming a double bottom pattern ? we will see..
Remain bullish as long the price action above this green pitchfork on 9500 area and vice versa if price action decide to break this line.
peace
Remain bullish as long the price action above this green pitchfork on 9500 area and vice versa if price action decide to break this line.
peace
Note
- break 10600 will increase a change to reach the price around 10800 IF the price action decide to ignore this falling wedge pattern..
- you could see more clearly on 1 hour for falling wedge pattern. although at 3 hour i would like to emphasize the resistance just right above the upper trendline on falling wedge pattern which around 10600 by 100 SMA and 51 EMA..
peace.
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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.