- Rejected VMA and wedge breakdown
- Price might find some buyers at the bottom of the wedge, but rollover more likely at the MAs diverge.
- IF, Price can consolidate above 140, can reverse and head higher, so patience is warranted on the both sides.
Comment:
Showing bullish signs...held above 140 and now testing daily VMA @149, possible that it spikes to 153 and pulls back...that'd be a confirmation to flip long.
Trade closed: stop reached:
Playing as described yesterday, no need to step in-front of it. Long now.