SUSHI FORMING RISING WEDGE

We see SUSHI hitting diagonal resistance, which seems to be forming a rising wedge pattern.

Target would be the VAH of 1.526

Commentaire:

Hi Guys!

I just wanted to give an update on SUSHI.
looks like my last post was a stop-hunt.

But it is finding resistance at the top of the wedge.
Please manage your risk appropriately :)))

updated chart is shown:

Commentaire:

Just a little update on SUSHI's price action.

We see it make a small rally to the upside, having a failed retest on what seemed to be an ascending support line.

My bearish bias has not changed, as it is still forming a rising wedge pattern

Please see chart below

Commentaire:

SUSHI finds support on the VAH & bottom of wedge.

continuation to the upside? more likely.
But take heed of the the bearish pattern formation

Safe Trading Friends <333