Descending wedge has actually been in formation since June 2013 as can be seen clearly on weekly. It's a strong pattern which also has another descending wedge within it, in formation since the start of this year. Trade rangebound within smaller wedge for now and go long from the bottom of descending support 1065/70. As you can see it fell out of small ascending wedge to target support - now? Time to go long.
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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.