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rubenthin
Jun 23, 2015 8:36 AM

Gaps and Wedges Long

Description


Big question is whether this rising wedge is in fact wave 1 of an impulse up as above...
Or if it is part of a continued corrective move down as below:



Shorted yesterday's 5 waves up, and found the entry here all the same, giving initial target of (e) in the chart above:


Interestingly, just breaking out of a battle with resistance from yesterdays very interesting ‘gap up’ level:

Not often seen in bitcoin obviously because it never sleeps and there are no trading sessions. Interesting to see it yesterday:

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