ALB falling wedge breakout
A very perfect falling wedge has formed over the passed few weeks [A -top price, B -bottom price] and three days ago, the price closed for the first time outside the upper boundary of the falling wedge, indicating a continuation in the upward direction [as expected from a falling wedge pattern]. Today was the first time we saw a full price range that was with a determined direction outside the trendlines, so it is a good place to get in a long position with a target C [the blue line], expecting about 12% profit. And a stop loss [-7.52%] placed on the apex of the falling wedge, just below the $50 psychological support level.
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