Description
⋅ Thank you to Lizette, (one of our loyal memberss) for bringing this trade into my attention.
Nasdaq has been forming in a Falling Wedge formation.
As the price approaches 3/4s of the apex, we can expect a breakout to the upside which will send the price higher.
For a trade, we have two ways to base our take profits.
1. At the top of the wedge formation (which doesn't give it much room).
2. The price range between the high and the low added to the high.
NOTE: HPT = High Probability Trade as the previous trend is up...