Price is currently in a bearish trend and recently came from a third resistance trendline touch (validating the trendline) with a rising wedge formation (a bearish pattern) = two confirmations for our sell bias. An entry will be executed with a break of the wedge's support trendline, which we will hold until the bottom of the pattern. Only enter following a confirmation, before then, be patient.
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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.