Or Not To Wedge
in this state is probably pretty good at defying all possible reversal patterns like Wedges
. Currently I would expect market to hold above $8,616 using Williams Fractal
. Then again market could keep on going higher and create another two rising Williams Fractals with higher highs and higher lows and $8,616 may have to be revised accordingly. When a reversal comes I'd expect usual signs of close below previous bar, drop in MACD
bar, and awesome oscillator
turning red. A good reversal would be say max 5 days. On the weekly chart the shape of this run to $20,000 will depend on how many Williams Fractal
are made along the way.