Rising Wedges, Expecting another bearish continuation
H1/H2/H4/H8 is forming a rising wedges, This rising wedges expected to peak at 43-44.5
Target price area is approximately the width of the wedges body (around 37.5). The shot area is at the resistance level between 44.5 - 43.
Pattern expected to complete on 19/20 November 2021 roughly.
The daily volume still on low which shows divergence between volume and price. hence the author still bias that price will fall according to the wedges body at 38.7 minimum.
Target price area is approximately the width of the wedges body (around 37.5). The shot area is at the resistance level between 44.5 - 43.
Pattern expected to complete on 19/20 November 2021 roughly.
The daily volume still on low which shows divergence between volume and price. hence the author still bias that price will fall according to the wedges body at 38.7 minimum.