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Home / Analysis / Forex Analysis / ACHR Daily Falling Wedge Near Apex

ACHR Daily Falling Wedge Near Apex

Bias: bullish if wedge resistance breaks with volume

Daily falling wedge still intact

Price is pressing into the apex, so resolution should be close

Volume expanded at the highs and faded on the pullback, which supports the idea of a healthy retracement rather than heavy distribution

RSI is stabilizing after a prolonged decline

Main trigger is a break above wedge resistance

Key structure to watch: near-term resistance around 5.7-5.9
If that clears, next area to watch is around 6.8-7.2
Invalidation is a clean loss of lower wedge support

Not financial advice.

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