- A Bearish rising wedge pattern in four hour time frame of SPX.
- Price is near the apex of the pattern and should give a breakdown or breakout soon.
- Rising wedges are mostly bearish patterns. If price breaks below the cloud as shown in second chart it should target 1270 levels initially.
- An upper breakout cannot be ruled. In many cases they end up as false breakouts or busted patterns.
- EURUSD ANALYSIS
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