A rising wedge appears to have formed inside the two month flattish consolidation channel.
Touching upper bound
Should we see a break out, measured move to 215; Conversely, should support be breached first, target 193/4 but expect the consolidation channel to hold
Risk award skewed towards upside, but waiting for ES1! to resolve here first before a major next leg move in V
Current position: Flat
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Touching upper bound
Should we see a break out, measured move to 215; Conversely, should support be breached first, target 193/4 but expect the consolidation channel to hold
Risk award skewed towards upside, but waiting for ES1! to resolve here first before a major next leg move in V
Current position: Flat
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Trade closed: target reached:
Target 215 reached overnight before dipping into broader weakness at open 212h; Taking profit here to risk manage