@jaxdog, great analysis ; rais volume and RS and cup formed that's good , my opinion wait for black line cross wedge to let price form a pullback and enter long
jaxdog
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@MaDasurfer, I hope it does not pullback to the black line, that's the 50 day on my chart. A pullback to 10 sma (closest to price now) or 8 EMA (next highest MA) would pull it back to the 138 - 139 area. All TBD.
MaDasurfer
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@jaxdog, i thought you are using weekly chart that why i said let it pullback to 50ema , but if u are using daily chart ,let just 21ema cross wedge and pullback to 10 or 8ema (138-139) , risk below 21ema , you are doing good teacher!