W4DL
Short

IBM Rising Wedge Short

NYSE:IBM   INTERNATIONAL BUS MACH CORP
We see some good jumps on the chart, is it possible that it is time for a pullback by this rising wedge?
The wedge is closing in so the answer is near, just like the USDCHF trade I'm not trading it yet.

Would like some feedback, or a like!
Thanks for reading
Comment: Still nothing to add here, the wedge is still valid and at the moment testing for the support.
If traded I would recommend for a breakout or tight SL.
The breakout can't take very long anymore.
Comment: Had to even stretch the lines, still in this wedge.
As said yesterday it can't take much longer, in maximum two days I expect to see the outcome of this wedge.
Comment: This IBM just really don't know what to do. It should have dropped a lot more then it's doing now. This wedge was either not valid or it's really a fight between bulls and bears now.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out