We seem to be confirming another downtrending resistance line that suggests that we are yet again in an even bigger falling broadening wedge
, but the pattern that we are currently in within that wedge
is a bearish
rising broadening wedge
, so if i had to guess I would assume this big line of resistance will be broken pretty soon, the price will move up within that secondary smaller wedge
, and then we will continue the correction to the downside.
What do you think?
Will I get it right?
Share your thoughts in the comments below.