Small wedge with potential to break out and test the 2018 bear trend line.
At the end of the wedge w could see the continuation of the 2018 bear trend and head toward 5500-5800 by the end of the year.
How the market behaves at the end of this mini wedge could be a good prototype of its behaviour for the large bear wedge that everyone is looking at for the year.
Itchi cloud on the 15m indicates that this mini wedge will breakout to meet the 20185 bear trend line.
Longs have a slight increase on the 15m
Shorts have a slight decrease on the 15m
Wait 12-14hrs before deciding to see which opportunity appears
Re. title of this idea - How the market behaves with this mini wedge may indicate how it will react when we finally get to the edge of the big wedge by the end of the year.
At the end of the wedge w could see the continuation of the 2018 bear trend and head toward 5500-5800 by the end of the year.
How the market behaves at the end of this mini wedge could be a good prototype of its behaviour for the large bear wedge that everyone is looking at for the year.
Itchi cloud on the 15m indicates that this mini wedge will breakout to meet the 20185 bear trend line.
Longs have a slight increase on the 15m
Shorts have a slight decrease on the 15m
Wait 12-14hrs before deciding to see which opportunity appears
Re. title of this idea - How the market behaves with this mini wedge may indicate how it will react when we finally get to the edge of the big wedge by the end of the year.