THE rising WEDGE can be termed as a reversal pattern..importantly its still in the pipeline on daily charts,but i have been showing AN EXPANDING TRIANGLE in intraday charts,so all in all
a few days before or after budget..we should see WEDGE to complete and a deep correction to start.so in coming days of trading we should see the distribution phase to continue and to spread in more no. of stocks.
one can not blindly go shorting from tomorrow,coz. two positive reasons are there.
1) a good n solid upmove ,possible in dow in coming week.
2) budget expextations.
readers must use their own judgement and should trade knowing fully ones own risk bearing capacities.because atleast at this stage,,,before the so called presumed wedge pattern completes,by breaking down the rising trendline.
ive put a few charts that suggests initial weakness.
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