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Roughly two-thirds of the time a rising wedge leads to lower prices. The U.S. Dollar on a weekly closing basis has been forming a “bearish rising wedge” and the top of the wedge happens to be a key high a few years ago.
Will the two-thirds odds come true or will it break the top of the wedge. Not much wiggle room in this pattern, we should find out in short-order how this pattern unfolds!