- WHL has had a strong rally from thr R58 swing low and has reached swing high last seen in February this year..,
- Momentum seems to be slowing and price is tested the rising 20ema.
- Failure to take back the highs could see a fade to the 200dma
A rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. It is characterized by a chart pattern which forms when the market makes higher highs and higher lows with a contracting range. When this pattern is found in an uptrend, it is considered a reversal pattern, as the contraction of the range indicates that the uptrend is losing strength
- Momentum seems to be slowing and price is tested the rising 20ema.
- Failure to take back the highs could see a fade to the 200dma
A rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. It is characterized by a chart pattern which forms when the market makes higher highs and higher lows with a contracting range. When this pattern is found in an uptrend, it is considered a reversal pattern, as the contraction of the range indicates that the uptrend is losing strength
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
hey dan, after you recover your account please message me on instagram: @n4z.op
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
hey dan, after you recover your account please message me on instagram: @n4z.op