Possible Rising Wedge breakdown to $9500

19 Şub 2018

the double bottom pattern formed on the 2hr chart almost hit its price target of $11440 this price zone is also the top of the rising wedge pattern forming over the last couple of days and also a strong resistance zone. this makes me confident that price will get rejected there and break down the rising wedge pattern to $9500 support. my guess is bears will get exhausted quickly and it will be followed by a strong bounce.

this is my personal opinion , and trying to learn trough trail and error.

comments are more then welcome!

have a nice day

23 Şub 2018

İşlem elle kapatılmış

Looks like we almost hit the target price of the rising wedge break down, trade closed due to lack of volume in both directions