Trend: Bearish (short term)
Structure / pattern: trend lines, support and resistance.
Plan:
We have identified a descending wedge, however the trade set up is price bouncing off of a upper resistance level and the upper trend line leading to a predicted bearish move.
Structure / pattern: trend lines, support and resistance.
Plan:
We have identified a descending wedge, however the trade set up is price bouncing off of a upper resistance level and the upper trend line leading to a predicted bearish move.
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