BULL vs BEAR SHOWDOWN
Dear Reader,
I note an ascending broadening wedge on the hourly, still within the bounds of a large ascending wedge (dashes) which I have been tracking from $6400. The ascending broadening wedge has an 84% probability of breaking downwards, which would cause it to close below the lower bound of the large ascending wedge (dashes) to point "E" and thereby, initiate a major move downwards.
If the ascending broadening wedge breaks upwards, we should expect a price hike to around $ 9600, where after we hope to see a breakdown from the large ascending wedge (dashes).
Rolling the dice ...
Happy Trading !
I note an ascending broadening wedge on the hourly, still within the bounds of a large ascending wedge (dashes) which I have been tracking from $6400. The ascending broadening wedge has an 84% probability of breaking downwards, which would cause it to close below the lower bound of the large ascending wedge (dashes) to point "E" and thereby, initiate a major move downwards.
If the ascending broadening wedge breaks upwards, we should expect a price hike to around $ 9600, where after we hope to see a breakdown from the large ascending wedge (dashes).
Rolling the dice ...
Happy Trading !
Note
A better view and some progress ...Note
Lookin' good . .good lookin' !Note
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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.