This looks like a rising expanding wedge to me. Price has shot down most recently from the upper edge and seems to be struggling at the lower edge, on this 8H time frame.
Most people may not trade on this time frame but it could be useful in terms of gauging expectations on lower time frames. My probability is for the south on the 8H.
Do share ideas if you think similarly or differently. It's good to share. Remember - we are all fighting against a common foe. :)
Most people may not trade on this time frame but it could be useful in terms of gauging expectations on lower time frames. My probability is for the south on the 8H.
Do share ideas if you think similarly or differently. It's good to share. Remember - we are all fighting against a common foe. :)
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