CHART-II
- Wedge has broken the support line. Price is also staying below 200 Day SMA. Daily candles closing below 200 SMA will favor a bearish trade now.
CHART-I
- US Dollar Four hour chart is forming a falling wedge pattern
- Falling wedge is bullish reversal pattern So price need to break the falling resistance line for USD to move up which means Stocks might start to fall.
- Price breaking the lower boundary will invalidate or reduced the credibility of this pattern.
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