Rising wedge - Sell

8 ก.ย. 2020

Price is forming a rising wedge pattern at the double top area.
There are 2 scenarios that can happen.
1- Either drop as shown by the green sketch
2- Go higher up and then drop after reaching the top of the pattern.

As of now I will go with the 1st plan and keep a tight SL just incase price decides to push higher.

9 ก.ย. 2020

การซื้อขายยังคงดำเนินอยู่

Even though there was an impulse move up it finally moved as per plan.
That impulse move was expected as market was trying to get everybody at the wrong side of the market before dropping.
Majority of retail traders would have thought it would be continuing bullish move