Potential Broadening Descending Wedge in play on Fantom USD.
4 Hour bullish divergence now showing on the 5th wave at a critical level of support.
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Whilst this pattern was setting up there was also an Ascending Triangle pattern emerging on the 15M timeframe providing additional confluence
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So the pattern mapped out in the initial post has not played out. It may have been completely wrong or I may have mapped the waves incorrectly. We now have bullish divergence on the 12 hour chart and a liquidity grab on the 5th wave which is common for Broadening Descending Wedge patterns.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.