TEL - Forming a predictable pattern?
TELUSDI ran a forecast on TEL/USD last week and noticed it was following a horizontal wedge pattern.
I established the support and resistance lines and drew a green line to represent the same pattern it's been following in the prior weeks.
Checking back today and I'm seeing it's following the same pattern to the T!
It's trying to break out, but my guess is it'll have to cycle a few more times before it consolidates enough to break out.
What are your thoughts?
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