Price seems to be losing steam. And I am pretty bearish overall and expecting lows to at least 7500-7800.
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So, something is definitely cooking up in this pattern. As you can se, I have decided to have the trend lines follow a bit tighter as I believe the price action outside of them to be manipulation and noise to some extent. You can also see along the trend lines of this wedge pattern that there is a lot of confluence of support and resistance.
So, something is definitely cooking up in this pattern. As you can se, I have decided to have the trend lines follow a bit tighter as I believe the price action outside of them to be manipulation and noise to some extent. You can also see along the trend lines of this wedge pattern that there is a lot of confluence of support and resistance.