When we look at the chart we can see that the wedge has been broken for the second time. We can see that the first breakout of the wedge was a fake-out so the chance is very good that this is the real breakout of the wedge. We are a little late because it already went down. I had a setup for this one earlier that was closed in profit and reversed signal that was in profit also. After that I went back to this setup so I am already in profit. you can still enter and ride the down wave. We do have to look and see what it does when it is close to the longer time wedge that there is. It will possibly struggle a bit there but if it breaks out of that wedge also than it could drop even more.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
