Hi every one
chart is speaking it self!!
As you can see, falling wedge is forming, which is not a good thing and could be a sign that the price is falling.
RSI also shows Bearish divergence well.
If the line above falling wedge is breaks, it is as if falling wedge does not exist and the price continues to grow.
Support level : 16200 to 15900
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
chart is speaking it self!!
As you can see, falling wedge is forming, which is not a good thing and could be a sign that the price is falling.
RSI also shows Bearish divergence well.
If the line above falling wedge is breaks, it is as if falling wedge does not exist and the price continues to grow.
Support level : 16200 to 15900
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
Note
Falling Wedge pattern:Note
my previous Analysis:
Note
Sorry I made a mistake .Name this pattern is rising wedge
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.