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Mauriello

GBPUSD - Broadening formation for a long term investment(short)

Penjualan
Pound Inggris / Dollar AS (FX:GBPUSD)  
Mauriello  
FX:GBPUSD   Pound Inggris / Dollar AS
Trend Analysis Chart Patterns Broadening Wedge GBPUSD
3
1
trendanalysis chartpattern broadeningwedge gbpusd
It looks like a Broadening Formation.
This formation appears generally at the end of a Bullish Market (not very frequent for the current situation)
This broadening formation can tell us that the market is out of control and it is too emotional due to the unusual public participation.

Generally it is a bearing formation
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