SEKRUB, Ascending-Wedge, Bearish Breakout Incoming!Hello,
Welcome to this analysis about SEKRUB, we are looking at the 12-hour timeframe perspectives. As I discovered SEKRUB is forming an important structure here that can indicate further bearish developments ahead of next times. When looking at my chart we can watch there how SEKRUB has now built this ascending-wedge-formation in the structure which is on most occasions a bearish-continuation-formation. Besides that SEKRUB is now approach this major resistance-cluster with the ending of wave C where several important resistances coming together such as the descending-resistance-line in black, the horizontal resistance in blue, and also the 65-EMA marked in my chart. SEKRUB on the higher timeframes such as the weekly chart has a clear horizontal resistance in this level. All these factors indicating that the ascending-wedge will complete in the near future and when this happens it will activate the downside-targets and likely reach them within the schedule.
In this manner, thank you for watching my analysis about SEKRUB and the ascending-wedge that has a high possibility to complete and activate descending-price-action, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the markets.
