falling wedge breakout target hit w/100% wick precision

5 Ağu 2019

illustrated here on the 1hr chart with a small hyphenated horizontal green line, we can see how perfectly the 1hr candle from 3 hours ago hit the breakout target of the wedge precisely and then retraced slightly....the proceeding 1hr candle(driven by fomo) has now taken us a pip or so higher than the projected target and the red 1hr candle that followed it is the correction we knew would eventually come after reaching the target. If price action can maintain itself above the hyphenated green line and can build a base of support here then probability is really good for the opportunity to trigger the Adam & Eve double bottoms(whose neckline we are currently well above). If we trigger that our necxt target is 13.1k! Of course if we were to ever dump and fill the 8.5 gap this seems like essentially the last price range where it could take a correction that far back, as Im sure once we clear 14k or so we probably will never go below 10k ever again. Anyways keep an eye out for the small chance of a possible last opportunity bear dump....beyond that we should be headed only onward and upward **not financial advice**