so i see lots of the stupid bandwagon bears telling their followers to short this wedge. The concern is something that looks like a low volume breakout, but in fact it is morphing in to a bullish pennant.
The logical thing to do is to go LONG here, but be cautious as always. Falling wedges are no signs of reversal, so keep your targets moderate. But don't SHORT
The logical thing to do is to go LONG here, but be cautious as always. Falling wedges are no signs of reversal, so keep your targets moderate. But don't SHORT
Note
Been in a small surgery so had no time to update. But there was a quite abvious bearflag there which broke down, i'm adding to my long here on the retest of the wedge.Disclaimer
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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.