Price has broken out of the descending wedge and may currently be pulling back toward the wedge trendline. A successful bounce from this zone would present a good buying opportunity, while a close back inside the wedge would be bearish and likely drive the price toward the provided BB-Zone.
Price has broken out of the descending wedge and may currently be pulling back toward the wedge trendline. A successful bounce from this zone would present a good buying opportunity, while a close back inside the wedge would be bearish and likely drive the price toward the provided BB-Zone.
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