I was very busy today to spot out this favourite pattern of mine, which hits my potential target.
But for educational purposes let's see what has happened here;
Following yesterday's sell(Hit TP), we can see that a falling wedge has formed and broke-out to the upside.
This is followed by a re-test at a support level, rejected and heads to the last resistance level. Perfect set-up!
But for educational purposes let's see what has happened here;
Following yesterday's sell(Hit TP), we can see that a falling wedge has formed and broke-out to the upside.
This is followed by a re-test at a support level, rejected and heads to the last resistance level. Perfect set-up!
Trade closed: target reached
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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.
Related publications
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.