On the chart we can see a rising wedge. We expect that the price will retest the upsloping support trendline which would be our entry in long position.
We expect the price to go higher and eventually retest the upper boundary of the rising wedge.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
We expect the price to go higher and eventually retest the upper boundary of the rising wedge.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
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