Fallen wedge pattern has developed on hourly timeframe.
We have had breakout of the pattern with gap down and I expect continuation of down move to about 1300 level.
You can use breakout of lower timeframe correction as an entry point.
We have had breakout of the pattern with gap down and I expect continuation of down move to about 1300 level.
You can use breakout of lower timeframe correction as an entry point.
Note
Note
Pay attention to price action as may reverse at this point.Note
Note
Target almost reached.Note
Trade closed: target reached
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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.