RAYMOND has been moving strong in a rising wedge for months. Making new highs everytime. Recently made another lifeteime highs and is flagging up on the edge of the wedge(lot of dojis and hammers and stars).Awaiting a Reversal/Breakout from that level.
RAYMOND is moving in an up channel for a while, now making a wedge on the upper part of the channel.
EIther breaking out of the channel or breaking down the rising wedge.
Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above :
i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine.
ii) If you don't trade simple patterns, then you can consider this as simple...
