the double bottom pattern formed on the 2hr chart almost hit its price target of $11440 this price zone is also the top of the rising wedge pattern forming over the last couple of days and also a strong resistance zone. this makes me confident that price will get rejected there and break down the rising wedge pattern to $9500 support. my guess is bears will get exhausted quickly and it will be followed by a strong bounce.
this is my personal opinion , and trying to learn trough trail and error.
comments are more then welcome!
have a nice day
this is my personal opinion , and trying to learn trough trail and error.
comments are more then welcome!
have a nice day
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Looks like we almost hit the target price of the rising wedge break down, trade closed due to lack of volume in both directions
