As part of the rally and news reaction, the price is testing strong resistance from D1-W1.
A false breakout is forming in the form of a bullish wedge, with the price returning back below the level. A reversal pattern is emerging on the chart: H&S, bullish wedge. A break of 199.5 could reverse the movement.
A bullish wedge is a reversal pattern. The market is showing an upward movement, which is hampered by limit orders formed by bears. The boundaries are narrowing, followed by a breakdown of support, which triggers a downward impulse.
A false breakout is forming in the form of a bullish wedge, with the price returning back below the level. A reversal pattern is emerging on the chart: H&S, bullish wedge. A break of 199.5 could reverse the movement.
A bullish wedge is a reversal pattern. The market is showing an upward movement, which is hampered by limit orders formed by bears. The boundaries are narrowing, followed by a breakdown of support, which triggers a downward impulse.
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❤️ Telegram channel: t.me/AndeWave
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.