Good morning,
Chart allowed us to mark a Bearish wedge as trend continuation pattern. Although even if price will brake the pattern we should look very closely on the price move around MA100 and local support zone. For safety reason I would recommend opening positions in the correctional movement after firm break-out. MACD indicatior is not giving us a 100% sure...
Good Morning,
Chart has allowed us to spot symmetrical triangle, which can be found as continuation or reversal sign. In my opinion this formation will support further downward movement. To support my point of view, you can see on the chart that second trend line was broke and we are likely heading to a main trend line below. Moreover we can see that MA50 was...
Good morning,
Market allowed us to draw a bullish flag pattern. Range of the formation is fitting very well with 127,2 Fibonacci extension from previous price movement and historical resistance. Position should be opened above resistance zone marked on the chart. RSI went back from overbrought zone to a neutral level of 50 which shows us a possibility that bulls...
