At this point, one can see that there are a number of WEDGES that are part of the overall MACRO (Ascending Triangle? to be confirmed) formation. As such, don't overstay your welcome with the recent, or 3rd Wedge formation as we have observed that people are prepared to go shorter than usual.
Close up on the current wedge, behaves within the fib levels demonstrated by the fib.fan lines. (part of a previous post)
Possibly another wedge formation as we approach the appex of the ascending triangle?
Comment
⋅
Trade closed: target reached
⋅
Target reached for what I had planned. It can go higher but as I said, this market is falling short to some predicted targets