If we manage to break through we are close to a HUGE breakout.
We will be in full BULL MODE once we break out of the huge falling wedge.
Most of the time we also see a retracement to the breakout level of the wedge, so if you want to play it safe wait for drop.
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If we don't break through this resistance and we we will follow the red line, else I predict the market to follow the Elliot Wave
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PS: You even got a bullish head and shoulders pattern to support the bullish movement
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Small Update (full first elliott wave + target) mainly because this one is not that pretty ;)