This decrease wedge is considered a berish.
It has been forming over the past 3 months, with the current market i would say we have a much higher probability of breaking down.
It could be worth taking a quick swing trade back to the top of the channel, if so i would have TIGHT stop losses and get ready to go short once it reacher the top.
It has been forming over the past 3 months, with the current market i would say we have a much higher probability of breaking down.
It could be worth taking a quick swing trade back to the top of the channel, if so i would have TIGHT stop losses and get ready to go short once it reacher the top.