Bullish wedge can bring reversal - means expecting downside if support brakes right? mouthwatering target :D me too thinking chances are there to touch last weeks high and low :P
Please "watermark your name or blog name" in the charts. Controlling the spammers and "chartstealers" is difficult task.:(
Downsides are limited in case of bullish wedge. From my past observation I learned that there is a big chance of price price reversing on the upside after breaking the low boundary of wedge, in this case in can very well get merged with uptrendline from 5350, which can get broken before reversal if any 5th wave is to be formed.
Good morning :)
ReplyDeleteBullish wedge can bring reversal - means expecting downside if support brakes right? mouthwatering target :D me too thinking chances are there to touch last weeks high and low :P
Please "watermark your name or blog name" in the charts. Controlling the spammers and "chartstealers" is difficult task.:(
Have a good day.
Regards
Downsides are limited in case of bullish wedge. From my past observation I learned that there is a big chance of price price reversing on the upside after breaking the low boundary of wedge, in this case in can very well get merged with uptrendline from 5350, which can get broken before reversal if any 5th wave is to be formed.
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