The Falling wedge pattern is formed with the Bullish candlestick pattern rejected at the major EMA Resistance. There's the good opportunity to focus the long position. For the conservative trader, waiting for the breakout of the wedge line is more safe and reliable
1. RSI struggled at the oversold zone implies the weaker of the bearish power
2. Less volume implies the lower volume to push the price lower
3. Falling Wedge Pattern
1. RSI struggled at the oversold zone implies the weaker of the bearish power
2. Less volume implies the lower volume to push the price lower
3. Falling Wedge Pattern
Trade closed: target reached
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.
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.