Where I previously thought we were forming a rising wedge on daily now it's looking more like an ascending triangle. A test of upper bollinger isn't out of question
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As we can see the ascending triangle is playing out. Could get rejected at middle BB but could also retest upper BB and 50 EMA
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Looks like ascending triangle breakout being rejected at middle BB and if so will be forming a rising wedge again
Looks like ascending triangle breakout being rejected at middle BB and if so will be forming a rising wedge again
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We saw an impulse up from an ascending triangle get rejected at our middle bolinger band forming a rising wedge . The wedge has sense broken south and forming a bear flag . If indeed a bear flag . We use pole length to determine trajectory which would fall right in line with a previous level of support around 3100
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Can we get another impulse up? If so we will look like Bukowski's ascending broadening wedge
Can we get another impulse up? If so we will look like Bukowski's ascending broadening wedge