GBPUSD - Broadening formation for a long term investment(short)
It looks like a Broadening Formation.
This formation appears generally at the end of a Bullish Market (not very frequent for the current situation)
This broadening formation can tell us that the market is out of control and it is too emotional due to the unusual public participation.
Generally it is a bearing formation
This formation appears generally at the end of a Bullish Market (not very frequent for the current situation)
This broadening formation can tell us that the market is out of control and it is too emotional due to the unusual public participation.
Generally it is a bearing formation
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