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Rising + Falling wedge patterns
Fibonacci
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Meet resistance line
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Near resistance line of Rising Wedge (blue lines)
We have here combination of Rising Wedge and Falling wedge patterns, so if RIsing wedge will be broken, we can reach 5000 or even higher price
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bounce back
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moved to resistance line
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We can see how price breakout resistance of Falling Wedge and moving to 4600-4800 price level. Than we can expect drop to 3800 price level, if the Rising Wedge will be broken down
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snapshot
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