#PYC #Physiomics - The only way is up (for now)
Good clean trend switch shown on the hourly chart. It looks like W1 subwaves i-iv and W2 a-c have completed, leaving the possibility of an impulse (sharp) move up in W3. If this plays out, then the W3 target area (resistance to 161% fib) is shown.
Keep an eye out for it getting "stuck" in that rising wedge however.
Keep an eye out for it getting "stuck" in that rising wedge however.
Note
I should point out that the trend switch was a double-bottom too.
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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.