When we look at the chart we can see that there was a breakout out of the wedge. What I think is that it is a fake out and that the price will drop one more time before it goes up. If this is a breakout and it can brake above the resistance zone than I will also be looking to go long on it. What we also need to keep an eye out for is that if the price is going to drop. That it does not brake the lower wedge that you see on the chart.
Please let me know in the comments what you think of it.
Please let me know in the comments what you think of it.
Comment:
It is close to breaking out of the resistance zone. Keep an eye out for this one
Comment:
Hope you got the trade when it was out of the resistance zone