As we complete the fifth wave of this rising wedge, we should expect a series of ABC corrective waves. The corrective A-wave would complete the head of the smaller H/S. A bounce off the neckline would likely paint up to the bottom/middle of the purple accumulation zone, completing the B-wave. A harsh C-wave would drive us through the smaller H/S neckline, and bring us down to the bigger H/S neckline (and orange resistance turned support). After the ABC corrective waves, we might expect a bounce off the H/S neckline to the white resistance and the (smaller H/S neckline. Then a drop back to the bigger H/S neckline would complete the bigger H/S.
Commento:
We are close to finishing the head of the smaller H/S. Would be careful trading anything here.
Trade chiuso manualmente:
Looks like we will be entering some seriously volitatlity in the coming days, can not be certain in which direction yet.
Commento:
Similar scenarios I could expect to happen
