Waiting for a correction down in this market soon. I have exited most of my long positions, but do still keep one alive to try time the breakout.
A few points in favor of this idea;
A few points in favor of this idea;
- There are two wedges forming inside the daily channel
- Upper channel line has already been touched once by last bullish wave.
- Bollinger bands are getting very narrow, implying a breakout (most likely down) soon.
Comment:
Possibly some more upside before a correction:
Comment:
Possible long term development. Several wedges developing: