Breakout of wedge, all pullbacks would be an opportunity to add. A test of the wedge breakout is possible as a bear trap before the larger upmove. The target is conservative, I actually think it's more likely they come back to test the trendline.
Kommentera:
looks like it's in the process of the bear trap (B wave)
Kommentera:
they are buying it at the breakout, but there's something odd about the RSI. If they keep selling today we may have one more leg down. Fibs and RSI are telling me it's possible...
Kommentera:
rally postponed, this looks like the final wave down is coming now into tomorrow. 5 waves down would be impulsive and indicative of a larger market reversal but we likely bounce well next week.
