Constanpips_thegreat

Constanpips_thegreat

Seriously, where? Euro Monthly candles shrunk which is bullish but a wick into support isn’t out of the question. In fact I’d expect it. Weekly made a lower low so that doesn’t bode well. We’re still in the wedge on the 12 hour so we could still break up between now and it’s apex. Safest bet for a short would be a retest of the structural support, daily...

Constanpips_thegreat

This is the tail end of a descending wedge formed by the daily chart. The flags represent the halfway point (July 26th)and 3/4 point (August 11th) of the triangle, which is where most traders traditionally expect to break out or break down. The wedge is in play until the Apex on August 30th. The white lines are monthly support levels, the center green line is the...