Since October 22, we have seen the price return to the Wedge pattern and gradually reduce the volume of movements.
As I said in my past analysis. The price broke through the support line and fixed on it. After it price touch the resistance line and return to level.
The price entered the wedge pattern in July and is now very close to crossing the lines. We see that its rise and fall are becoming minimal.
Now we see that the price dropped to a minimum beyond the resistance level. I think that it will fall even lower and stop only at the support line. Then it will start to grow.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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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.