TLM - a falling wedge has formed on the chart!

Dec 21, 2021

In the last idea, we marked the global picture on the TLM chart. And already then a descending wedge was forming. Now the pattern is still forming and the price is starting to squeeze near the upper boundary, which is a good signal - a signal for a breakdown!

In case of a breakdown or a retest of the upper boundary as support, there could be a good buying opportunity.
In the event of a false breakdown, close the trade and open a sell position.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

Dec 22, 2021

Note

Dec 27, 2021

Trade closed: target reached