H1 : Failure to hold above MBB triggered a long black candle (bearish !)
Base of the rising wedge under attack.
Watch carefully the ongoing price action for a potential breakout.
A breakout confirmation of the base of this rising wedge coupled with
the breakout of the clouds support zone, would open the door for a target @... 44100 !
M15 : Base of the widening wedge pattern also under attack,
Breakout confirmed of that pattern would be the first signal calling for
further downside targeting at least a retest of the former low @ 47036
Such kind of move would also confirm the breakout of the H1 support trend line
and more important also the clouds support zone.
Base of the rising wedge under attack.
Watch carefully the ongoing price action for a potential breakout.
A breakout confirmation of the base of this rising wedge coupled with
the breakout of the clouds support zone, would open the door for a target @... 44100 !
M15 : Base of the widening wedge pattern also under attack,
Breakout confirmed of that pattern would be the first signal calling for
further downside targeting at least a retest of the former low @ 47036
Such kind of move would also confirm the breakout of the H1 support trend line
and more important also the clouds support zone.
