Long term support crosses over medium term falling wedge
Long term support crosses over medium term falling wedge formation. Having broken out of wedge, price action indicates a test of support on this “wedge” ceiling before rallying higher.
Murphy’s Law states that it will go lower. Perhaps one or two more tests of the wedge-ceiling-turned-floor?
When you see someone hyphenate 4 words together you should know: This is not financial advice :) And even if only for entertainment, it’s darn interesting seeing how these support/resistance trend lines meet up with the candle sticks over longer periods.
Murphy’s Law states that it will go lower. Perhaps one or two more tests of the wedge-ceiling-turned-floor?
When you see someone hyphenate 4 words together you should know: This is not financial advice :) And even if only for entertainment, it’s darn interesting seeing how these support/resistance trend lines meet up with the candle sticks over longer periods.
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