Raisingwedge
Lauras Lab - Short-term BullishLauras Lab - Short-term Bullish
1. It's in a short position and has a good chance to move upwards direction with the small target of 475.
2. If the target of 475 is achieved and opens and closes above that means, then it may have a good recovery rally to 500.
3. Now form a raising wedge pattern after the retracement.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
GBPAUD - Raising wedge patternPrice moving in parallel inside a range for a long time. Just before the Pandemic it breaks the range trapped all the long positions and fell badly and took the same support.
One can clearly identify the raising wedge pattern in the above analysis. This pattern exactly ends at the resistance levels !!!