Dear Friends,
How I see it:
Falling wedge pattern signals "EXHAUSTION".
It is in my opinion, one of the strongest reversal patterns.
In this case a "BULLISH REVERSAL" is a high probability.
A breakout and retest will confirm the reversal.
A series of HIGHER LOWS in demand zone also signals a possible reversal.
It is yet to be confirmed...
Thank you for taking the time to study my analysis.
How I see it:
Falling wedge pattern signals "EXHAUSTION".
It is in my opinion, one of the strongest reversal patterns.
In this case a "BULLISH REVERSAL" is a high probability.
A breakout and retest will confirm the reversal.
A series of HIGHER LOWS in demand zone also signals a possible reversal.
It is yet to be confirmed...
Thank you for taking the time to study my analysis.
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.
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.