If we close this hourly candle above the top wedge line then I think we are going to go up to 10K and break resistance this time. (Scenario 1)
If we don't close above it then we would be going back down to test the bottom wedge line, and I think we would see a move downward from there. (Scenario 2)
Furthermore, another scenario is possible where we stay in the wedge, till we reach the end but I think that is unlikely. Most likely we are going to see a definitive move soon.
If we don't close above it then we would be going back down to test the bottom wedge line, and I think we would see a move downward from there. (Scenario 2)
Furthermore, another scenario is possible where we stay in the wedge, till we reach the end but I think that is unlikely. Most likely we are going to see a definitive move soon.
Commentaire:
I think we will be moving up and breaking resistance soon as the chart is screaming bullish upward movement to me. Let me know your thoughts :)