Bearish wedge forming
Updated
Although a wedge is a neutral pattern that can go either way, market is weak and I expect no different here. I did not like the volume from a bear mindset as it was very strong buy volume Friday. But if you look a bit back on the volume, this volume was way less than the last time we had a little bull run. Buyers are few.
Note
Price short side would be 150 and long would be 187
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.