Bearish W that terminated near the 1.618.
Price has hit target 1 of the down targets and is below the bottom trendline of the rising wedge.
Price broke upward from this wedge.
No recommendation.
We have had a few down market days in a row. Perhaps recession fears are hitting folks, but how quickly this market forgets. The market will be reminded once again. There will be possible chop and rallies up when we least expect it. Be safe.
Short with a possible pause or even a bounce at each target down.
Price has hit target 1 of the down targets and is below the bottom trendline of the rising wedge.
Price broke upward from this wedge.
No recommendation.
We have had a few down market days in a row. Perhaps recession fears are hitting folks, but how quickly this market forgets. The market will be reminded once again. There will be possible chop and rallies up when we least expect it. Be safe.
Short with a possible pause or even a bounce at each target down.