V break out from consolidation in play, but need confirmationA rising wedge appears to have formed inside the two month flattish consolidation channel.
Touching upper bound
Should we see a break out, measured move to 215; Conversely, should support be breached first, target 193/4 but expect the consolidation channel to hold
Risk award skewed towards upside, but waiting for ES1! to resolve here first before a major next leg move in V
Current position: Flat
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.