We have possble rising wedge pattern in development.
MACD shows clear sign of divergance.
Wait for a breakout of lower trendline to entry.
I expect that price will close the existing gap after the breakout and downmove.
MACD shows clear sign of divergance.
Wait for a breakout of lower trendline to entry.
I expect that price will close the existing gap after the breakout and downmove.
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Still possibly one more up or breakout.Every increase makes much better RRR trade if breaks lower trend line.
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Hope guys you are in trade.We have had finally breakout of structure.
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Contracting flat correction.
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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.