Emerging Falling Wedge detected on US 500 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 6037.57 and it is expected to move to 6025.5137.
Because US 500 formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower
