Wedge Breakout

Updated

If we continue lower, $78 could be a short term target before strong buyers come in

Note

Rising/Falling Wedges are NOT a strong reversal signal so this pattern could be easily invalidated. But for buyers, if price does get to $78, it is a strong buy level esp since the 200MA is there as well

Order cancelled

Disregard idea as this could be a larger wedge. I need to see at least one more low to get the size of this ... but I am looking for a retracement either way. The size of the wedge would change my short-term target

Vinny10

Also on:

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.