substantialFer28213

substantialFer28213

Strong potential for a Rising Wedge Correction after breaking past and building some support at our .236 (.1528) and .382 (.1619) neckline over the last 3 weeks. A break past .1621 turns that .382 support into resistance as we keep an eye on our EMA's here, looking at our 10,20,50 pointing down past our 200 as confirmation on our 1hr charts. Longer term we are...

substantialFer28213 Updated 

Looking at a downtrend reversal break out of our nested falling wedge pattern. Added strength coming from our higher time framed wedge completing a 3 wave correction of our 03/20-03/29 rally. 10,20 over 50 EMA should push up past our first neckline resistance @.1582 sitting at our .382 retrace. Reaching up at our 200 EMA, in a successful price crossover we're...

substantialFer28213 Updated 

We're midway through a longer-term rising wedge pattern signaling a bearish reversal for some consolidation to pick up later in the year. However, within our shorter term bullish cycle we're mimicking the falling wedge (bullish reversal) pattern we saw between the 14th-20th of March, that broke out around the 21st for a run-up to .23. We're seeing this same...