ANKR - Preparing another leg down

19 maj 2023In the 1-HR timeframe, after making a lower low without RSI Divergence, price began correcting forming a rising wedge pattern.

Therefore, my expectation is that we will have another leg down to retest the recent low at 0.2531.

There could be a fakeout above trendline resistance, but if it happens, I expect it to fail. My trade triggers would be a break below trendline support or recovery from a fakeout.