Wave Analysis
With the recent sideway action, I see it as a wave 4 and currently we have completed wave 1 and 2 of the 4th wave. While we are in the middle of a wave 3, I see it going to 7.9k to 8k and possible top finishing around 8.1k to 8.2k and then we see from there after I see what price action does at the 8k level.
Trend Analysis
We are still bullish as long as were above the invalidation level and we recently top on the middle of the channel but we still have gas to break above.
Chart Pattern
Yes this looks like a rising wedge but it doesn't seem to be quite finished yet.
With the recent sideway action, I see it as a wave 4 and currently we have completed wave 1 and 2 of the 4th wave. While we are in the middle of a wave 3, I see it going to 7.9k to 8k and possible top finishing around 8.1k to 8.2k and then we see from there after I see what price action does at the 8k level.
Trend Analysis
We are still bullish as long as were above the invalidation level and we recently top on the middle of the channel but we still have gas to break above.
Chart Pattern
Yes this looks like a rising wedge but it doesn't seem to be quite finished yet.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.