We have a bearish pattern of a rising wedge happening, the 200 EMA is acting as support on the 12H timeframe, which you should be monitoring if it holds the ultimate bear trap can be done breaking out of this bearish pattern.
losing the 200 EMA, it means we will test the 200MA again to see if it holds!
there are trades coming just wait for confirmation.
losing the 200 EMA, it means we will test the 200MA again to see if it holds!
there are trades coming just wait for confirmation.
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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.