is in a beautiful falling wedge
. We're sitting on a support line right now, and this is right after a perfect hammer
formation. I'm expecting to break out very shortly. In the event we fall below this support, I expect us to move down a bit more towards the end of the squeeze of the falling wedge
and will be looking to break out within Week 1 or Week 2 of April - so I will be keeping a very close eye on this one. Either way, we're due for a breakout, it's just a case of where to place buy orders - so for short term, I'm waiting to break the current resistance before placing a buy, in the slightly longer term, I'll be waiting for the end of the falling wedge
Comments welcome! I'd love to hear your take on this.