An alternative view of the bearish rising wedge pattern, on US indices ---white lower trendline instead of the yellow one.
It may have tried to break down on September 1...but was a false break and now price is returning to retest the white trendline.
If it does break completely, and breaks down --I don't believe patterns HAVE to play out to form-- the fall would be 100 points, to 925.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |