HELLO GUYS
I see a lot of positive indicators appearing in this chart:
1- Reaching the midline of the ascending sub-channel.
2- Access to an old and strong support area.
3- Points 1-2-3 are divergence points with stochastic and the price rebounds from it to the upside whenever the stochastic reaches this level.
4- The volume is decreasing, which confirms that the price is correcting and is approaching the end.
But hey....is this a RISING WEDGE?
-It is a negative model within a group of positive indicators??!!!
What do you think?
What will happen?
I see a lot of positive indicators appearing in this chart:
1- Reaching the midline of the ascending sub-channel.
2- Access to an old and strong support area.
3- Points 1-2-3 are divergence points with stochastic and the price rebounds from it to the upside whenever the stochastic reaches this level.
4- The volume is decreasing, which confirms that the price is correcting and is approaching the end.
But hey....is this a RISING WEDGE?
-It is a negative model within a group of positive indicators??!!!
What do you think?
What will happen?