Fall wedge, will determine our path

١ سبتمبر ٢٠٢٢

From what I’m i’m able to see we are in a falling wedge which hypothetically we could see a bounce off the Fibonacci level and go up from here, however I think there’s an overall Barris sentiment in the economy and I think will break out of this wedge and fall down further. The next buying zone is charted out. In the short term I might expect some bouncing around the wedge. Ultimately I think we’re going to test previous levels. With some hope we will form a double bottom and make our way back up.