Potential trend continuation at the 38.2 and near
this trendline angled downward. im expecting a rejection
if so then by rule target is at the 161.8 fib extension
which is also where impulse leg of initial push started from.
If you notice above we also have price inside of
a Broadening ascended wedge pattern.
These pattern indicate price will drop.
this trendline angled downward. im expecting a rejection
if so then by rule target is at the 161.8 fib extension
which is also where impulse leg of initial push started from.
If you notice above we also have price inside of
a Broadening ascended wedge pattern.
These pattern indicate price will drop.