Breakout From Falling Wedge
Potential breakouts with retests near 70,000 or all time highs.
A falling wedge is a bullish chart pattern that suggest an uptrend outside of the channel. Wedge heights should be drawn from local highs within the wedge to the low points observed prior to breakouts, and used to estimate short term sell points and take profit zones / potential points of resistance. I have placed a reference of this chart pattern in the comments for further details on how to read and utilize this pattern.
A falling wedge is a bullish chart pattern that suggest an uptrend outside of the channel. Wedge heights should be drawn from local highs within the wedge to the low points observed prior to breakouts, and used to estimate short term sell points and take profit zones / potential points of resistance. I have placed a reference of this chart pattern in the comments for further details on how to read and utilize this pattern.
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