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hi guys,The market looks bullish and at this critical point we prefer to stick to our strategy, so we designed this bearish analysis with a loss limit of 1%. we hope you all benefit.
Similar to the heads and shoulders pattern, the ascending wedge pattern can also lead to breakouts which are bearish most of the time. It is common for inexperienced traders to look at this pattern and mistake its characteristics for a bullish trend since each peak is usually higher than the last peak.
(If you find this post useful, give it a thumbs up, share your thoughts in the comments, and feel free to spread the word.👍)
Similar to the heads and shoulders pattern, the ascending wedge pattern can also lead to breakouts which are bearish most of the time. It is common for inexperienced traders to look at this pattern and mistake its characteristics for a bullish trend since each peak is usually higher than the last peak.
(If you find this post useful, give it a thumbs up, share your thoughts in the comments, and feel free to spread the word.👍)
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