Publishing fast before the play happens..
Note
AnalysisThe green lines identify a near perfect channel.
Prices can rise for a long time if the movement stays within the boundaries.
On the other hand...
the purple lines define an ascending wedge
Those tend to collapse downward
It makes sense, because...
the price needs to get close to the rising channel LOWER trend line
This is considered healthy and NOT a reversal
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.
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.