Long
Perfect Falling Wedge Pattern: Bullish Formation
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.
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.
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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.