Technicals Over Fundamentals: Rising Wedge Breakdown
Price formed a rising wedge after its bounce. Validation of the pattern is also supported by the reducing volume as the price rises, revealing a divergence. Wedge top price matches with 50% Fibonacci level. If price remains below both of these levels, next move will possibly be the breakdown of the wedge. First target is at 2450.
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The information given is not a Financial Advice.
If you find the idea useful, please like and support. Stay safe, wash your hands and good luck on your trades :)
The information given is not a Financial Advice.
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