8h Rising Wedge Targets Bottom of Daily Falling Wedge

May 31, 2023

The 8 hour chart shows a rising wedge. Its 1.5x target lies near the bottom of a larger falling wedge as seen on the daily or weekly charts.

Short until reaching the bottom of the wedge, then long.

Jun 21, 2023

Trade closed: target reached

First target reached after a failed breakout of both the rising wedge and the larger falling wedge

I still think we're headed all the way to wedge bottom, and possibly lower