Reasons:
- Descending wedge which is a reversal pattern, and now the price is close to the end of the wedge: decision time
- A morning star reversal candlestick pattern is formed on the bottom of the wedge
This is highly speculative position
*This is only how we interpret the market.
- Descending wedge which is a reversal pattern, and now the price is close to the end of the wedge: decision time
- A morning star reversal candlestick pattern is formed on the bottom of the wedge
This is highly speculative position
*This is only how we interpret the market.
Comment:
We closed the position today (Jan 24th) at $1,570