Large wedge
After the Bat pattern completion that rolled over for at least T1, a large wedge is forming at the moment. It's going to break out, the question is, in what direction?
If we take the last move up and measure out a potential AB=CD pattern, we end up around $800.
If it's going to break down, It's likely we will get a retest of the low structure level of the wedge around $550.
If we take the last move up and measure out a potential AB=CD pattern, we end up around $800.
If it's going to break down, It's likely we will get a retest of the low structure level of the wedge around $550.
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.