Wedgie upon wedge
Updated
When I was a kid the thing you'd do to each other was give big damn wedgies by pulling the other guy's tighty whiteys straight up. Oh how those haunted me and made me wear a longer sweatshirts to "protect" myself. Who knew it'd be a fashion trend in streetwear now? Let's see how this plays out on the 4h chart with a bigger falling wedge followed by a smaller one? From what I've seen in the past, these usually lead to rallies, as in your underwear being pulled straight up to your midback. How do we enter is the question?
Note
Watching price action for the last few days, I'm neutral and leaning toward the short side with this as it hasn't made it's move up. Not yet though. Still waiting for confirmation. Below 1273.5.Trade active
Never broke below 1265 and now breaking up past 1284. Time to go long. This took a little longer than initially projected to develop. Chart says don't be short!
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.