RUNE to $14, falling wedge

Oct 22, 2024

On the above chart price action has corrected over 70%. A long trade now presents itself, but that’s all. This is not a long term forecast by any means.

1) Price action breakout. (RSI remains in resistance).

2) Price action confirms support on past resistance.

3) The falling wedge top and lower touch points allow a near term forecast for price action, $14 area or 170% from current levels.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Oct 24, 2024

Trade active

GRM support confirmed.

Nov 4, 2024

Trade closed: stop reached

Broken market structure. Very quick break.
First support test $2

Jan 9

Note

This idea was closed in November with a forecast $2 support test.

The flag is certainly now forecasting that.

Jan 26

Note

The above bear flag target is now met.
No new long signal print at this time.