Falling wedge at support

12 Oca 2018

Looks like grandaddy is trying to break out of a falling wedge on the 240 time frame right near the support/trend line. MACD also trying to cross over and the past few hours have formed a nice strong looking cupping formation, unlike the last few weak attempts that have the obvious 'M' or upside down cup shape. I expect maybe a small dip then head upward toward the resistance line of the triangle. Let's see if grandpa can gain some strength here and the bulls can take over for a bit. Good luck and safe trading! Let's ROLL!