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A wedge is forming on the four-hour timeframe. This is indicated by the systematic narrowing of the range trades both from above and from below. The exit from the wedge can occur either up or down. The implementation of the figure will show who dominates the market in the current situation: sellers or buyers.
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The material is not an investment recommendationand published for informational purposes only. Remember: technical analysis does not guarantee successful trading, as it is based only on historical data.
