Ascending wedge all time high3/19/2024 Sellers start to gain confidence as they see demand waning, indicated by: However, as the pattern continues to form and highs increase by smaller increments, this suggests that buyers are struggling to maintain the upward momentum. Initially, buyers control the market, pushing prices to new highs. The psychology behind the rising wedge pattern reflects a gradual shift in market sentiment from bullish to bearish. The volume trend and the contracting price range are key features.
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