I believe we'll drop out of the small descending wedge and make one final drop before having a strong reversal and going above the ichimoku cloud where there daily resistance is very weak.
I'm not a professional trader or anything, so please just look at this as entertainment, nothing more.
I'm not a professional trader or anything, so please just look at this as entertainment, nothing more.
Note
*ascending wedgeNote
We can see strong overhead on the ichimoku cloud on the 4hr time frame, meaning an upward price acation above the wedge right now seems unlikely
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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.