Falling wedge on UJJIVANSFB 1W - great time to buy
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs.
My idea is to take the RSI into account which is breaking out the trend line.
My idea is to take the RSI into account which is breaking out the trend line.
Trade closed manually
closing at 2 RS loss per share
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