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US30: Price Forms a Rising Wedge Pattern
-INTRODUCTION-
US30 currently has two gaps which are not filled. One is the recent low at the $30650 level while another one is at the $31300 level. In 1-hour chart, we can see that the price has formed a rising wedge pattern, along with a bearish divergence in RSI. Therefore, we expect a sharp bearish breakout sometimes very soon, similar to the last retracement breakout.
-TRADING PLAN-
We will carefully monitor the price movement during the US session today to see whether the price will break the rising wedge pattern.
We love to trade rising/falling wedge patterns. Breaking the pattern often creates a strong price impulse, especially when the pattern is formed as a retracement. Check out our recent retracement trading ideas below :)
US30 currently has two gaps which are not filled. One is the recent low at the $30650 level while another one is at the $31300 level. In 1-hour chart, we can see that the price has formed a rising wedge pattern, along with a bearish divergence in RSI. Therefore, we expect a sharp bearish breakout sometimes very soon, similar to the last retracement breakout.
-TRADING PLAN-
We will carefully monitor the price movement during the US session today to see whether the price will break the rising wedge pattern.
We love to trade rising/falling wedge patterns. Breaking the pattern often creates a strong price impulse, especially when the pattern is formed as a retracement. Check out our recent retracement trading ideas below :)
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.