A rising, expanding wedge can be seen on the weekly chart (left); with the market breaking out and moving around the top resistance of the pattern since the end of 2017. A closer look on the daily chart (right) can see the most recent market action finding support and bouncing from the weekly pattern’s resistance; […]
Our charts show a large expanding wedge on the weekly long term perspective. Inside this wedge, the daily chart shows the recent market movement lifting inside another smaller expanding wedge pattern. Overall this suggests we could see this market continue to lift inside the smaller wedge until it reaches the top resistance of the larger […]
Potential double top can be seen on the weekly. daily shows the 2nd top potentially rounded. Sideways move between blue s/r zones, pattern suggests fall to lower zone. Dashed orange offers an aggressive (read more RISK) opportunity; a break through the lower green s/r will likely see a move to the next lower blue s/r, […]
