BTPS Falling Wedge
Just leaving a mark here and let the future me do some throwbacks when i want to in the future
A falling wedge pattern is forming, note that there is a fail breakout. At the moment, it is retesting at its support level around 3600-3700, and its long term upward sloping support (its channel, blue colour line)
If it manages to break its:
- 10,50,100 MA
- downward sloping resistance line (orange line)
- RSI resistance line and 50-line
Using fib extension, there might be a good chance to reach 4500ish or 5000ish for more aggressive approach
Let's see how it goes
A falling wedge pattern is forming, note that there is a fail breakout. At the moment, it is retesting at its support level around 3600-3700, and its long term upward sloping support (its channel, blue colour line)
If it manages to break its:
- 10,50,100 MA
- downward sloping resistance line (orange line)
- RSI resistance line and 50-line
Using fib extension, there might be a good chance to reach 4500ish or 5000ish for more aggressive approach
Let's see how it goes
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