If wedge continues, could be decent r/r for long

17 Ağu 2016

IF the wedge continues, NU might reach a decent area for a LONG trade that offers good risk reward.

*** This is only valid if the higher lows continues and offers a decently small area to put a stop loss below.

However, there is some concern as there was a double top.

We will have to see if the pattern emerges

17 Ağu 2016

Not

Looks like the wedge isn't emerging. So this idea is no longer valid

17 Ağu 2016

Not

Actually, I'm silly, could be a slightly shallower wedge as my original line is flawed