Rising Wedge + Daily Resistance Level + Simple ABC Correction
ISRG is continuing in bullish channel up to the Daily resistance level again. Price action and Volume tell us that ISRG wants to go higher and break thru but we do not have a high quality entry yet. Once we break thru the resistance there is a nice daily gap to fill up to 600 and we will see a 14EMA cross over 50EMA on weekly (Bullish), the next test of the Daily level should tell us which direction it want's to go
ISRG is continuing in bullish channel up to the Daily resistance level again. Price action and Volume tell us that ISRG wants to go higher and break thru but we do not have a high quality entry yet. Once we break thru the resistance there is a nice daily gap to fill up to 600 and we will see a 14EMA cross over 50EMA on weekly (Bullish), the next test of the Daily level should tell us which direction it want's to go