We see this a lot more often then not, and not just with wedges, but with new highs, breaks of support/resistance and any common pattern that technicians watch-Wall Street sees them too and knows how the technical trader will react, thus we get things like this....
When you understand that Technical Analysis is the same and Wall Street has adapted to it, then Wall Street gets a little more predictable.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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