Matic Broadening Wedge
Hey-
This is not the time to be long, but, I wanted to point out a trading pattern we have not seen to many times in our time together.
This is what is known as a descending broadening wedge. It is a temporary bullish signal and will likely fire us back to the top of the wedge, although these are often breakout patterns, in a market and potential pandemic, I wont go that far, but, I suspect to see a test of the top of the wedge, this pandemic has screwed our trade up here, but, let's make light of the situation and learn something.
I am going to start to work on more content in written format for all of our bear family on the website, just be patient, lots is coming!
This is not the time to be long, but, I wanted to point out a trading pattern we have not seen to many times in our time together.
This is what is known as a descending broadening wedge. It is a temporary bullish signal and will likely fire us back to the top of the wedge, although these are often breakout patterns, in a market and potential pandemic, I wont go that far, but, I suspect to see a test of the top of the wedge, this pandemic has screwed our trade up here, but, let's make light of the situation and learn something.
I am going to start to work on more content in written format for all of our bear family on the website, just be patient, lots is coming!
Arcane Bear Founder- Tijo
Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
Join our private community of professional traders and investors :==>> arcanebear.com/private
youtube.com/arcanebear
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