RUNE to $14, falling wedge

22 Eki 2024

On the above chart price action has corrected over 70%. A long trade now presents itself, but that’s all. This is not a long term forecast by any means.

1) Price action breakout. (RSI remains in resistance).

2) Price action confirms support on past resistance.

3) The falling wedge top and lower touch points allow a near term forecast for price action, $14 area or 170% from current levels.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

24 Eki 2024

İşlem aktif

GRM support confirmed.

4 Kas 2024

İşlem kapandı: durdurma seviyesi

Broken market structure. Very quick break.
First support test $2

9 Oca

Not

This idea was closed in November with a forecast $2 support test.

The flag is certainly now forecasting that.

26 Oca

Not

The above bear flag target is now met.
No new long signal print at this time.