Testing support (previous resistance) of a wedge formation.
If it can hold expect a solid move to the upside.
Drilling down to the 1H chart you will see a beautiful collection of doji's forming which supports the old resistance as a newly found level of support.
Buy it up baby!
- It just completed a full double-top ("M" pattern)
- It's at the support of the long term bullish uptrend as well and at support of the short term horizontal channel
- The current 4-hour candle looks to be shaping at a potential doji signaling a reversal
Pretty NJ setup with minimal risk based off steady support.
Good confirmation on the RSI as well with multiple TP levels.
As long as it breaks holds through the 64.800 level it's teetering at now, this should be a solid play.
Run it up!!!
