As the chart illustration, trend lines are indicating the falling wedge on daily time frame,
Moreover, other patterns have promoted this condition on the chart. In addition RSI indicator has been confirmed the case although we should wait for pullback on our support line.
However, another factor such as fundamental news should be revised to take a better position.
Note:
There is no financial advise here and do your own research cause this essay just an idea.
Moreover, other patterns have promoted this condition on the chart. In addition RSI indicator has been confirmed the case although we should wait for pullback on our support line.
However, another factor such as fundamental news should be revised to take a better position.
Note:
There is no financial advise here and do your own research cause this essay just an idea.