We've had 5 hit points on this falling wedge. Given this number and the fact that the market is very near the apex of the triangle expect a break into the upside on the next hit, but it could of course be on hit 7.
Green lines indicate the profit targets. Second one is most likely and the third one will be a really good hit.
Massive risk/reward on this trade.
Green lines indicate the profit targets. Second one is most likely and the third one will be a really good hit.
Massive risk/reward on this trade.
Trade active
Trade closed: target reached
Target 1 met, continue trade for target 2Note
Trade stopped at breakeven.
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Related publications
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.