Ascending Triangle to $12,300

Break out of light blue descending wedge should take us to the resistance of the orange ascending triangle. From there, back down to the support of the ascending triangle is likely.
Then up to our target of the large descending wedge (in yellow) which also corresponds with a double top.

تعليق:

Forming both ascending triangle/ascending wedge which looks set to take us up to resistance of orange ascending triangle. Also have 8,13,21 EMA crossover of 55EMA on 3 hour which supports bullish price action. We are also above the mid level of BB.

From a bearish viewpoint, the fisher transform is oversold (looking at 3 hour) though I am not too concerned about this given the above.

From a neutral view point the parabolic sar momentum is fading.