GBPJPY Rising wedge
There is a 70% chance
in a rising wedge, to break out
to the down side
Each box count for 14%
of the price from A to B
All together its 98% of the price
from point A to B
the Boxes represent the average
Decline in a rising wedge
When a sell signe is seen
So 1 box is 14%
witch is the average decline
when the price breaks
Before a 20% retracement.
Therefore i see the price decline to. 148 - 147
if it breaks the green trend line :)
If you take a look on the Blue arrow. in the chart and the RSI
you can clearly see a bearish divergence
in a rising wedge, to break out
to the down side
Each box count for 14%
of the price from A to B
All together its 98% of the price
from point A to B
the Boxes represent the average
Decline in a rising wedge
When a sell signe is seen
So 1 box is 14%
witch is the average decline
when the price breaks
Before a 20% retracement.
Therefore i see the price decline to. 148 - 147
if it breaks the green trend line :)
If you take a look on the Blue arrow. in the chart and the RSI
you can clearly see a bearish divergence
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