The price is currently making higher highs and touched the Resistance Line of the Rising Wedge multiple times.
The Support Line is confirmed by making higher lows.
I'm expecting the price to break the Support Line of the Rising Wedge soon, which will be our confirmation point to open our position as follows
Position: Short
Open: Break of Support Line (Yellow Circle)
Close: 52.00 - 52.50 (Target Zone)
I will update this chart accordingly!
THANKS! For all the positive feedback im receiving lately.
Leave a thumbs up if you like this idea and Follow me for more updates!
Feel free to support my on Patreon.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only