We have seen this price compression many times and frankly it offers two diametrically opposed outlooks. Considering the explosive nature of the third wave rally from 106 to 113, we suspect this momentum loss is taking shape as a rising wedge pattern. While it projects marginal new highs in the 114.20 to 114.30 region be ready for a loss of the 112.65 support level to confirm the top and a quick r...
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