Hello Dear friends
Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern.
To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range.
If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened.
We would be happy to hear your comments
Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern.
To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range.
If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened.
We would be happy to hear your comments
Trade active:
According to the analysis, an increasing trend was formed up to the range of $121. Now, to complete the bearish wedge pattern, there is a high probability of falling to the $90.2 range.
Keep in mind that the condition for the wedge pattern to be valid is to maintain the $87 range.
Keep in mind that the condition for the wedge pattern to be valid is to maintain the $87 range.
Trade closed: target reached:
We just need to be very patient to make a profit! not a bit :D