All about falling wedges: https://ibb.co/6gV5n77]https://ibb.co/6gV5n77]https://ibb.co/6gV5n77
The Pattern Site is a great resource created by Thomas Bulkowski to educate those interested in financial markets and trading.
This graphic is from his site, all credit to thepatternsite.com/fallwedge.html
I wanted to show the similarities between the DOGE 1hr chart and a falling wedge with a dip. Is it this easy?
Because the retest on the bottom support line of the wedge did not reject price substantially and we are now butting up against it, we most likely will break that resistance.
Do we see a new ATH soon? Let me know what you think.
The Pattern Site is a great resource created by Thomas Bulkowski to educate those interested in financial markets and trading.
This graphic is from his site, all credit to thepatternsite.com/fallwedge.html
I wanted to show the similarities between the DOGE 1hr chart and a falling wedge with a dip. Is it this easy?
Because the retest on the bottom support line of the wedge did not reject price substantially and we are now butting up against it, we most likely will break that resistance.
Do we see a new ATH soon? Let me know what you think.
Kommentera:
I posted and then we get a substantial rejection.
Kommentera:
Could totally see a reversal though. BTC been taking a shit the past few days.
Kommentera:
Looks like usual DOGE shit. Breaking down from falling wedges and breaking down from ascending triangles, patterns that go the other direction in almost all other coins.
Kommentera:
That shit pissed me off but here we are, reversing.