This pattern that is forming on the weekly chart is looking like the perfect Rising Wedge Continuation pattern. I will post below in the comments section any lower time frame opportunities that will arise. It would be great to get involved in shorting this & just letting it run & hopefully break out of this pattern to the downside.
Could take a few weeks until it happens but you never know. Weekly RSI & Stoch are also pretty overbought so could already be on the way down.
Good luck :)
Could take a few weeks until it happens but you never know. Weekly RSI & Stoch are also pretty overbought so could already be on the way down.
Good luck :)
Note
Here is a good way of getting involved in this trade on the Daily time frame.Another pattern, Ascending Wedge.
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.