IDEA time to bounce and break out of falling wedgeIDEA is in oversold range, has developed bullish divergence and is coiling into falling wedge indicating incoming reversal. Whole pattern is similar to AIOZ which also broke diagonal resistance line, created lower low and coiled into falling wedge formation before reversing.
I expect bounce up and breakout of falling wedge formation, leading into push toward fibb 0.886 range.
