ABC/DPossible Rising Wedge noted that is not valid as the bottom trendline has not been broken.
Rising Wedges are bearish after a break of the bottom line. Both trendlines slope up and converge at the apex.
The target is D.
Targets 1 and 2 have been met.
Resistance off occurs at the level of point B in this pattern. More resistance overhead.
This pattern tends to reverse when D is reached.
No recommendation.
