AUD/JPY preparing for a sustained bullish move
It is because Market Cycles that chart patterns appear and not viceversa
Falling wedge signify contraction of supply (demand increase as bulls start to accumulate
by shorter lower lows {pushing price up} on 26 September , 28 September and 29 September
, finally 2 October there is no Lower Low , signyfing even more pressure of bulls and on
the same day we have a higher high at the start of the day signifying a temporary strong demand but still unconfirmed.
More accumulation (bulls join) one day later on 3 October with a Higher Low but no Higher High.
As soon as there is a Higher High above High of 29 Setpember and High of 2 October , Moving Average 50 will start to rise and bulls will win the battle and a Markup Phase (bullish trend) most probable will start.
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Falling wedge signify contraction of supply (demand increase as bulls start to accumulate
by shorter lower lows {pushing price up} on 26 September , 28 September and 29 September
, finally 2 October there is no Lower Low , signyfing even more pressure of bulls and on
the same day we have a higher high at the start of the day signifying a temporary strong demand but still unconfirmed.
More accumulation (bulls join) one day later on 3 October with a Higher Low but no Higher High.
As soon as there is a Higher High above High of 29 Setpember and High of 2 October , Moving Average 50 will start to rise and bulls will win the battle and a Markup Phase (bullish trend) most probable will start.
www.facebook.com/StalkingTrade