Preparation work to a Price Action within a strong wedge
Hello Dear Swing Traders!
Tuesday's break of a triangle directed the price to the upper border of a broadening wedge, without a continuation so far. Currently we are witnessing weakness in retracement to almost a lower border of a triangle. In the very near future there might be therefore an exciting drop to some 15-16K, thus leaving the whole bullish battle in two structures for the level of 20K well above in the sky.
Yours,
ICBF Swinger Dagmar
Tuesday's break of a triangle directed the price to the upper border of a broadening wedge, without a continuation so far. Currently we are witnessing weakness in retracement to almost a lower border of a triangle. In the very near future there might be therefore an exciting drop to some 15-16K, thus leaving the whole bullish battle in two structures for the level of 20K well above in the sky.
Yours,
ICBF Swinger Dagmar
Comment:
Nothing considerable has happened today, just a shallow retracement swing due to the triangle. The 12.5K level is still the goal.