1-Year falling wedge is close to completion.
Updated
Falling Wedge is by definition a bullish pattern and mostly ends to a reverse strong move.
There are 2 interesting WW (Wolve Wave) patterns on the falling wedge.
Both are annoted, red one is the most obvious.
We are now in the "5" areas where it's very interesting to set some long orders.
Ressources:
WW Pattern: investopedia.com/articles/trading/05/040405.asp
Falling wedge: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal
Related ideas (just below) to see proven WW reactions.
There are 2 interesting WW (Wolve Wave) patterns on the falling wedge.
Both are annoted, red one is the most obvious.
We are now in the "5" areas where it's very interesting to set some long orders.
Ressources:
WW Pattern: investopedia.com/articles/trading/05/040405.asp
Falling wedge: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal
Related ideas (just below) to see proven WW reactions.
Comment
There we go, the dynamic was slow but present. With a multi-month consolidation in the process.We're now close from the target and could initiate a new trend.
Comment
Magnet around 1-4 is strong.How could it ends ?
Trade active
Price is still colliding with 1-4, this is impressive.
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