Green money wedge is going to make us money
Updated
This is starting to look good.
We had a ltf rounded bottom culminating in a bullish engulfing candle on the 4-hour, followed by a sweep all the way below the lows to run the stops.
Who run the stops? We run the stops!
Now we've shot right back and have closed above the top of the closing range of the previous bullish engulfing candle.
A nice-sized bullish hammer. Strong enough to break wedges.
I bet we're about to break upward right out of this wedge and will be taking profits on the way up.
We had a ltf rounded bottom culminating in a bullish engulfing candle on the 4-hour, followed by a sweep all the way below the lows to run the stops.
Who run the stops? We run the stops!
Now we've shot right back and have closed above the top of the closing range of the previous bullish engulfing candle.
A nice-sized bullish hammer. Strong enough to break wedges.
I bet we're about to break upward right out of this wedge and will be taking profits on the way up.
Note
We are now over 1-hr resistance at $35,400! I believe we're going straight to $36,500 nowNote
$36,488 is close enough. 1st target has been hit. Some retracement since but we are back at that same 1-hr resistance zone and trying to turn it into support. Re-adding profits back into my position. Target 2 here we come!
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