Price range is narrowing now forming a rising wedge pattern. Rising wedge is a bearish pattern. Price range is wide in the bottom and narrows when price moves higher. Volume will decline as prices rise and the price action forms a wedge. Price will fall when the support is broken.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Join my students group for Index Option Trading to earn and learn.
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.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Join my students group for Index Option Trading to earn and learn.
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.