AUDNZD showing signs of Wyckoff top - Ascending Triangle
Classic Ascending Wedge. Wyckoff labels marked.
Riskier Sell at UTAD 2 = R61 weekly pivot
Or Sell Stop break of the lower wedge boundary.
Good luck.
BC=Buying climax
AR= automatic rally
ST1,2,3= support test
SOW= Sign of Weakness
UTAD= Upthrust (Sign of Weakness aka fakeout)
3 normal bear divergences spotted on the 4H.
Riskier Sell at UTAD 2 = R61 weekly pivot
Or Sell Stop break of the lower wedge boundary.
Good luck.
BC=Buying climax
AR= automatic rally
ST1,2,3= support test
SOW= Sign of Weakness
UTAD= Upthrust (Sign of Weakness aka fakeout)
3 normal bear divergences spotted on the 4H.
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