Hi Traders,
I believe there is a good possibility that we have an ascending wedge breakdown where its finding the Weekly 20 MA and the weekly wick resistance level along with other supporting evidence.
That blue macro bump and run trend line is likely to be tested as it was a decisive break and a pullback in not unsual as a through back.
Note the RSI formation supports the wedge formation and the MACD looks like a bearish divergence.
I will give more explanation in my next video stream, today.
Question is, is the orange broadening wedge going to act as support and do the squeeze to break up or down and test the lead in TREND LINE \ Bump and Run strategy.
All the best,
S.Sari
I believe there is a good possibility that we have an ascending wedge breakdown where its finding the Weekly 20 MA and the weekly wick resistance level along with other supporting evidence.
That blue macro bump and run trend line is likely to be tested as it was a decisive break and a pullback in not unsual as a through back.
Note the RSI formation supports the wedge formation and the MACD looks like a bearish divergence.
I will give more explanation in my next video stream, today.
Question is, is the orange broadening wedge going to act as support and do the squeeze to break up or down and test the lead in TREND LINE \ Bump and Run strategy.
All the best,
S.Sari
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
