The falling wedge is about to break out.
The divergence in the dailies is quite clear both MACD and Histogram which Alexander Elder says is powerful.
The weeklies have a divergence in the H but not in the MACD itself.
So, it is a tradable long.
Going long at US open tonight 11 Sep 2019 with a stop below the gap at 55.60 area - to be specific atop at 55..
Looking for a reversal from this point in time, the final leg is in the extension range of 1.5-1.618 which I prefer on my harmonic patterns, also you will notice that a symmetrical channel, if the channel was not symmetrical I would expect price to go higher but this is not the case. Stop will be placed at the 1.618 level. Target which is very optimistic will be...