These are my own ideas not used for financial advice.
In my previous idea I considered it to be a falling wedge which then eventually broke out and created a bigger falling wedge. As you can see the 4H chart it bounced off perfectly off of the support line in the falling wedge. If it plays out we may see an upwards trend coming in the next few hours or days. But if it continues to break below the wedge trade with caution.
Let me know what you guys think.
In my previous idea I considered it to be a falling wedge which then eventually broke out and created a bigger falling wedge. As you can see the 4H chart it bounced off perfectly off of the support line in the falling wedge. If it plays out we may see an upwards trend coming in the next few hours or days. But if it continues to break below the wedge trade with caution.
Let me know what you guys think.
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