…if you read my prior post about the cable, you’ll remember I mentioned some short term, intraday swings on time frames like the 15, 30, and 60 minute charts. Here’s one of the set ups I’m talking about on the 15: A Continuation Rising Wedge…but HEADS UP the Initial Trend is low which is indicating a weakening of the uptrend on this time frame and there’s good resistance at the 1.6250 level. The set up would be to play the correction to the support line (blue line) of the pattern and buy off this level.
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