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Risisngwedge

USD/TRY bearish break out might happen soon!Hi every one USD/TRY USD/TRY has formed a rising wedge this means there is a strong chance that this instrument would decrease It's price soon! there is a strong resistance at the top of the wedge(shown in the picture) so our guess is that the price would reach the top of the wedge and after that the price would start to decrease! (the support levels are shown in the picture) Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
18
will SPX collapse or not?Hi every one S&P 500 INDEX in this analysis we want to explain the situation in SPX chart so let's get into it! first thing is that there is a big rising wedge in the weekly time frame which means the price is about to decrease .another thing is that there is regular bearish divergence (-RD) on both MACD and RSI indicators and also the MACD line has broken the signal line downward ,this is also a bearish signal as well ! And the 1.9 billion coronavirus relief package has it's effect on the market as well the market might become bullish for a little while but after that we should see a stagnation in near future! what do you think? will SPX collapse or not? Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck previous Analysis
SP:SPXShort
by CobraVanguard
24