in the rising wedge, it is a potential 5 wave pattern, and after the 5th leg, it is more possible to break down, while in this wedge, 3-4-5 legs are forming a nice HS pattern, so in the coming days, once the 5th leg completed, i am more expect there is a break down happens....short and hold it for a potential big move
A break out happened with the support line, seems a correction leg will come soon... in the coming days, i suppose it will move like a zig zag way in the rising expanding wedge..
and here is the 4h tunnel , triangle break out yesterday, another bull wave will come IMO note, swing curve just mean the type how it move, swing in the tunnel... the turning point is not exactly located in somewhere on this picture, it will depends the time it hits the line
triangle is formation on 4h chart, and break out is bias to the upside. while under 1H chart there is about 200+ pips left in-between this triangle , while the current leg is towards upside IMO
if price close above this line , we should see 115 today
D candle strongly break last trend support line, another leg down is come in sight to me.
some dear friends ask me to update the oil idea, here it is what i am watching for, patience , waiting it break out, either side is possible, but downside seems have more room ....
similar as silver, swing in the channel, looking for another leg down
Silver swing in the channel and looks like break the up trend line now