Maker is Seen diving to New Depth
Maker prices are sliding in a downward trend since august 14. A correction on august 18-20 allowed an ascending wedge pattern to be formed, while Maker prices got close to its resistance and the resistance of the existing downward trend. Such a convergence prompts new short positions after a breakthrough of the ascending wedge support from 1079.05-1091.65 area with a target at 965.00, the low of August 17. The stop-loss could be set at 1135.75.
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