is it a falling wedge or NOT ! could 9k be on the cards
so a lower test of the 8400-8500 after a very slow decline from the upper weekly resistance of 9500.
- if we can manage a close above the 8550 on a 4hr -12hr candle i would expect quite a sharp move out of the pattern to
higher levels. 1st area on interest around the 55 ema at 8670. if we can fade the 55 ,200 then 377 id like to see the POC on the volume profile potentially get tapped @ 9350 as an area of high demand for liquidity for the bears.
- if this should happen i would like to potentially then switch my macro term outlook again to bullish.
- Declining volume inciting a large move maybe ahead
- if we can manage a close above the 8550 on a 4hr -12hr candle i would expect quite a sharp move out of the pattern to
higher levels. 1st area on interest around the 55 ema at 8670. if we can fade the 55 ,200 then 377 id like to see the POC on the volume profile potentially get tapped @ 9350 as an area of high demand for liquidity for the bears.
- if this should happen i would like to potentially then switch my macro term outlook again to bullish.
- Declining volume inciting a large move maybe ahead
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