Ascending Wedge (Failed)
The pattern is most cases is a reliable, but after price broke the support, rallied back but failed to make a new higher and rolled back $114 but snapped back upside now a new lower high is expected. If that is the case, expect the price to continue downside and complete the cycle and hit target price. The pattern will be fully nullified if price makes a new HH
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.