Now we in intresting situation.In double reversal wedge.
Price broke out S - support and now action depends of this was False br.out or not.
1st option - Broke out S + now testing and go to forming D leg of RED wedge;
2nd option - False br.out then forming D-leg of GREEN wedge,
to confirm need break out strong X point (ressist+0.618 F lvl.) and break out F - ressist.
Price broke out S - support and now action depends of this was False br.out or not.
1st option - Broke out S + now testing and go to forming D leg of RED wedge;
2nd option - False br.out then forming D-leg of GREEN wedge,
to confirm need break out strong X point (ressist+0.618 F lvl.) and break out F - ressist.
Yorum:
2nd scenario start working!
Yorum:
price consolidating near F-ressist. Breakout will confirm bullish mood
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