Falling wedge appears to have confirmed the bullish breakout.
Updated
We closed a few daily candles above the wedge, then as I anticipated we had a candle dip back down to retest the top trendline which ended up confirming solidified support. Two candles later we had our massive confirmation candle. It appears we have ended the downtrend here and turning the fulcrum back to resuming the uptrend. If so, and the bull market is still in progress then we should reach the full measured move breakout target of this wedge. *not financial advice*
Comment
Lookin good so far. Lookin reaaal good. I love how the measured move line turns into support.Comment
It’s fun clicking play and watching the price action climb up the dotted measured move line like it’s a staircase.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.