Large rising wedge being formed. looking to enter on the pullback up to the current resistance which correlates to our 50day MA. Therefore if we see a rejection then we will enter shorts, expecting price to break from the larger structure as well.
50day MA rejection
Support area rejection- this is the 50% fib retracement from the downtrend starting in April 2019
continuation pattern forming- price created a new daily low to help form this pattern
Large rising wedge on the daily TF. Expecting one last push to the resisting trendline from positive trade war news but then expecting a large drop similar to the flash crash come end of this month so get ready