This rising wedge that took almost a month to build broke today as you can see on the 4hour chart on left. 512tick chart on right shows some fibo levels in play. The topping pattern is a variation of double top with the lower middle as in M with multiple tops on each side. The negative divergence shown on MACD favors this setup. The break did happen with FOMC minutes release. Does that mean that the news caused it? Well, the pattern was being set up for almost a month. It is intriguing to see how that works.
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