Fed bank looks like is ready for trend reversal. There looks like a 70% chance that the price is going to go down and test 110.00
Daily chart on the left side you can see few points that suggest price in the next coming days will be falling.
Monthly chart on the right side provides more confirmation with a wedge top and micro double top formation. Ideally a sloping bottom (black line) would have given us somewhat more confirmation that the price will go down but I believe it's still in the formation.
Please note, this analysis is purely on the basis of technical indicators and this is for educational purpose only.
Daily chart on the left side you can see few points that suggest price in the next coming days will be falling.
Monthly chart on the right side provides more confirmation with a wedge top and micro double top formation. Ideally a sloping bottom (black line) would have given us somewhat more confirmation that the price will go down but I believe it's still in the formation.
Please note, this analysis is purely on the basis of technical indicators and this is for educational purpose only.