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Market Crash - Magnificent 7 Ascending Wedge
Yet another ascending wedge here on the magnificent 7. Not only that, it has a fakeout today above and closed with a large upper wick. Bearish signal in my opinion. It's sitting right at the top end of the wedge heading into CPI and FOMC. It can go either way, it should be a big move. The odds are in favor of a drop based on this wedge pattern.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
You reap what you sow.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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