Falling wedge with 6 hits (currently).
Looking for a 7th hit and will be watching closely for a breakout on the 8th. The length of this wedge suggest to me that there could be a strong breakout.
Looking for a 7th hit and will be watching closely for a breakout on the 8th. The length of this wedge suggest to me that there could be a strong breakout.
Note
Point 7 just about hit, hoping now for a movement to point 8Note
We have a market touch at point 8 on the resistance line, should see over the next several days whether we get a break or a trend continuation.Note
Could even have seen a hit at point 8, possible could be seeing a consolidation before a break above or maybe even a move down to point 9.Note
Close to a touch on point 9.Order cancelled
Shame because this was an amazing wedge.
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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.