Reversal pattern: Falling wedge in a downtrend
Alternative to falling wedge pattern in other post. Here we can see another clear falling wedge. Id like to see a break above the pattern with incoming volume to stay long. Either way looks like a clear reversal pattern has formed. Price is nicely oversold on the daily and below the 200DMA. As usual I like to enter longs before the breakout once 5min moving averages have crossed to the upside. Watch out for those fakeouts....
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.