The price has been forming the falling wedge pattern.
The breakout may happen at any time as the wedge looks like it has developed well, however we may see further price decline towards the key support.
Moreover, we would see the potential higher low that would be bullish.
The target from the falling wedge would be corresponding with 0,618 fib level.
Good luck!
The breakout may happen at any time as the wedge looks like it has developed well, however we may see further price decline towards the key support.
Moreover, we would see the potential higher low that would be bullish.
The target from the falling wedge would be corresponding with 0,618 fib level.
Good luck!
Anulowano zlecenie:
Breakout occurred but no follow through. Bullish pattern in a bearish market , weak breakout. Trading cancelled.
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