BEL has formed a strong rising wedge over the last 3 months or so. Currently, BEL is residing near the support line of said wedge, potentially shooting back up soon. Classically, rising wedge patterns area bearish patterns. Be aware that this is not a break-out signal, but rather a pattern continuation signal. In around 4 weeks we would be near the end of the wedge and a break-out could be formed.
Happy trading!
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.