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BULL vs BEAR SHOWDOWN
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Dear Reader,
I note an ascending broadening wedge on the hourly, still within the bounds of a large ascending wedge (dashes) which I have been tracking from $6400. The ascending broadening wedge has an 84% probability of breaking downwards, which would cause it to close below the lower bound of the large ascending wedge (dashes) to point "E" and thereby, initiate a major move downwards.
If the ascending broadening wedge breaks upwards, we should expect a price hike to around $ 9600, where after we hope to see a breakdown from the large ascending wedge (dashes).
Rolling the dice ...
Happy Trading !
I note an ascending broadening wedge on the hourly, still within the bounds of a large ascending wedge (dashes) which I have been tracking from $6400. The ascending broadening wedge has an 84% probability of breaking downwards, which would cause it to close below the lower bound of the large ascending wedge (dashes) to point "E" and thereby, initiate a major move downwards.
If the ascending broadening wedge breaks upwards, we should expect a price hike to around $ 9600, where after we hope to see a breakdown from the large ascending wedge (dashes).
Rolling the dice ...
Happy Trading !
Nota
A better view and some progress ...Nota
Lookin' good . .good lookin' !Nota
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