Perfect Falling Wedge Pattern: Bullish Formation

247
This is on the 2 HR chart on October Contract. Quite a bearish week. I still believe we are headed up. Very short time frame to have a full blown bearish continuation with winter right on the corner and demand expected to start rising with cooler temperatures. Also Hurricanes and storm season is upon us. Usually we see spikes in prices in September, October & November.

We’re reaching very strong support Zones. I believe this could have been a necessary correction for the bullish trend to come. I expect we go to somewhere around 2.7-2.8 where massive resistance is. We could go somewhat lower this week to where the scribbles are below the falling Wedge Pattern which gives us confirmation on a bullish run expected back to bullish trend upward lines.

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.