As I mentioned on my last post, higher TF analysis suggests resistance at the $1750-$1800 level is strong, and this rising wedge is more evidence that price may be ready to take a dip. Should be an easy one for you swing traders out there. If I were trading this, I would wait for price to break below the bottom of the wedge though before pulling the trigger (assuming I hadn't already sold at $1750).
I do still firmly believe that if/when price breaks above that $1800 resistance, the bulls will be off to the races.
Stay tuned.
I do still firmly believe that if/when price breaks above that $1800 resistance, the bulls will be off to the races.
Stay tuned.
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