$V - Potential descending Broadening wedge breakout

In my previous post, I mentioned that Visa has paid in full for H&S breakdown target and has potential for V bottom. It has played out and now a descending broadening wedge has been formed and the price has reached the upper trend line with potential for a breakout. There is also inverse head and shoulder forming inside the broadening wedge with the neck line at the wedge breakout area of $222 area (See yellow line). If the price break out above $222 it would mean both patterns are on the breakout. When two patterns coincide like this there is usually a stronger case for a breakout.
The inverse head and shoulder breakout target is $252 while the wedge breakout target is $280. Bear in mind that the pattern breakouts can reverse course when they hit 50% breakout targets.
Can we see a breakout? May be.
Target 1 - $236
Target 2 - $252
Target 3 - $280
Risk - failure to break above $222 and fall back to $206 area
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.