AMX - Rising Wedge
Updated
On the chart we can see the rising wedge pattern which is a typical bearish formation.
We can observe regular bearish divergence which signifies buyer exhaustion.
Enter the short position once the breakout occurs.
In order to avoid the false breakout, look for the volume increase.
We can observe regular bearish divergence which signifies buyer exhaustion.
Enter the short position once the breakout occurs.
In order to avoid the false breakout, look for the volume increase.
Note
The price still inside the wedge.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.