Bearish rising Wedge - “Because a continuation wedge in an uptrend should slope downward against the prevailing trend, the rising wedge is a clue to the chartist that this is a bearish and not a bullish pattern.”
Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com/us/b...-markets/id623384304
Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com/us/b...-markets/id623384304
Comentário:
Good timing to enter the short position - Support was broken.