During most of December C98 made a downtrend wedge which I am considering to be an ending diagonal. When the wedge was broken, we had an impulsive wave and now we´re correcting that impulse.
Therefore I am considering that in the short term we should have at least one more leg up, with targets shown on the chart.
Depending on your risk profile, you can take a trade now (since the last 3 days were bullish, and today we seem to be correcting those candles), or you could wait for the green channel to be broken. I already took a mid-sized position and will add up if we break the channel.
Therefore I am considering that in the short term we should have at least one more leg up, with targets shown on the chart.
Depending on your risk profile, you can take a trade now (since the last 3 days were bullish, and today we seem to be correcting those candles), or you could wait for the green channel to be broken. I already took a mid-sized position and will add up if we break the channel.
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