Wendy's Abstract Idea
Many up channels can be drawn on chart
The lower red dotted line can be seen as a point of retesting
A common pattern can be observed in white rectangle, which shows a large wick (red circle)
I assume this pattern will repeat just on a larger scale, causing a short lived price rise, followed by a large dump, below the red line
The lower red dotted line can be seen as a point of retesting
A common pattern can be observed in white rectangle, which shows a large wick (red circle)
I assume this pattern will repeat just on a larger scale, causing a short lived price rise, followed by a large dump, below the red line
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