Captain_Walker

Wall Street: Broadening wedge

OANDA:US30USD   US Wall St 30
There is a visible broadening wedge pattern better seen on the 1H time frame of Wall Street. It is basically a megaphone in a horizontal direction.

There are probabilities for both the south and the north. Guesstimated ranges of price are shown - but this is not a prediction, as I do not know the future.

The markets can do as they like and 'disobey' any technical expectations.
Comment:
Getting warm

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.