bottlenekdolfin

bottlenekdolfin

I've set up some trend lines and you can see wedges, parallels, and in general a bullish momentum. We are going to sit at this price while we get squeeze for a little bit. You can see with the yellow wedge and the green trend line almost meet. The larger trend appears to be similar to an ascending broadening wedge pattern. It's not perfect. This pattern 75%...

bottlenekdolfin Updated 

seems to be making a smaller wedge, and riding that top line. I'm not sure if that's gonna breakout upward or downward currently. I'm still leaning toward it breaking upward.

bottlenekdolfin Updated 

We fake broke trend twice now. The more we press against the trend it the more likely it will break. Twice now I've longed thinking we broke trend but the chart can't seem to make up its mind (I am currently sitting in a long). I've shorted and got stop-loss back out when we pumped. For now, I'll rely on some fundamentals that if trading at complete random, you...

bottlenekdolfin

If the current wedge holds generally true, the Ichimoku cloud coming up in September on the daily could prove to be a bearish signal. We could finish the wedge below the cloud, being resistance at that time.