Wedge forming... waiting to see if it breaks up or down
Updated
Long term bottom at $1.6 from 2016, AKS is now around the low level.
A wedge is forming now and we should wait for it to break either up or down, then enter long or short positions on the break/retest.
I'm biased about price breaking up the wedge in the next few weeks.
However, one of the most important things about trading is the patience to wait for an established setup.
A wedge is forming now and we should wait for it to break either up or down, then enter long or short positions on the break/retest.
I'm biased about price breaking up the wedge in the next few weeks.
However, one of the most important things about trading is the patience to wait for an established setup.
Note
Still waiting for the wedge to break.
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