BULL vs BEAR SHOWDOWN
Dear Reader,
I note an ascending broadening wedge on the hourly, still within the bounds of a large ascending wedge (dashes) which I have been tracking from $6400. The ascending broadening wedge has an 84% probability of breaking downwards, which would cause it to close below the lower bound of the large ascending wedge (dashes) to point "E" and thereby, initiate a major move downwards.
If the ascending broadening wedge breaks upwards, we should expect a price hike to around $ 9600, where after we hope to see a breakdown from the large ascending wedge (dashes).
Rolling the dice ...
Happy Trading !
I note an ascending broadening wedge on the hourly, still within the bounds of a large ascending wedge (dashes) which I have been tracking from $6400. The ascending broadening wedge has an 84% probability of breaking downwards, which would cause it to close below the lower bound of the large ascending wedge (dashes) to point "E" and thereby, initiate a major move downwards.
If the ascending broadening wedge breaks upwards, we should expect a price hike to around $ 9600, where after we hope to see a breakdown from the large ascending wedge (dashes).
Rolling the dice ...
Happy Trading !
Note
A better view and some progress ...Note
Lookin' good . .good lookin' !Note
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.