When plotting chart pattern analysis, you have to remember that the previous falling wedge
on my chart target still hasnt hit. for the pattern traders out there you know that when you have a rising wedge
, the default target is where the wedge
started. I have a confluence of fibs that point to the same area. With that descending triangle
forming at the . 382 retracement
line it also acts as a great level of support looking for a final wave 5 advancement to the 1400 area and for that reason im long.