BXY ANALYSIS
The falling wedge pattern can be seen here. upwards breakout was given, but the price came back to retest the breakout region.
Price made a double top, and double bottom, after which it broke its support.
if it bounces back then one can say that it will go towards its target, if the bounce fails then it will go down in the wedge again.
*News: Winters will be tough for UK/Europe. gas shortage, and increasing inflation. I think the price will go down.
Price made a double top, and double bottom, after which it broke its support.
if it bounces back then one can say that it will go towards its target, if the bounce fails then it will go down in the wedge again.
*News: Winters will be tough for UK/Europe. gas shortage, and increasing inflation. I think the price will go down.
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