Channel or wedge?
It seems like a falling channel.
The news media and many farsical events are likely to happen. But remember: nobody knows the future.
If this pattern is channel the three arrows in its end represent a moment when the index recovers but they are not necessarily positioned in the precise dates. But if we look at other time period charts we could also see a falling wedge. At the moment the future is only a bunch of hipothesis and probabilities.
This is not investment advice.
The news media and many farsical events are likely to happen. But remember: nobody knows the future.
If this pattern is channel the three arrows in its end represent a moment when the index recovers but they are not necessarily positioned in the precise dates. But if we look at other time period charts we could also see a falling wedge. At the moment the future is only a bunch of hipothesis and probabilities.
This is not investment advice.
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