ðĨ BNX Rising Wedge Bounce Trade
BNX has been one of the major gaines of the last couple of days. During this period of high volatility, a rising wedge pattern has emerged on the chart. Classically, these patters are bearish patterns. However, I find it too early to call for a bearish reversal when looking at the current market.
For now, I'm looking at the lower support of the wedge. In case the price falls to that area, we might see another strong move upward to the top of the pattern.
Happy trading!
For now, I'm looking at the lower support of the wedge. In case the price falls to that area, we might see another strong move upward to the top of the pattern.
Happy trading!
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