Disclaimer: I don't know anything about which way any of this is going because I feel the market is unpredictable due to many forces right now.
Anyway this is just the wedge the price action is forming and seems pretty obvious the decision points we are heading toward.
Anyway this is just the wedge the price action is forming and seems pretty obvious the decision points we are heading toward.
Comment:
Medium term we look to be heading toward 7200 then bounce back up to 8800. Then as it oscillates within the wedge this is a NO TRADE zone. Then we either break the wedge upwards you go long. If it breaks the wedge downwards go short.
Comment:
Rejected and bounced off the bottom support at 7100.
next target is 8885 June 9-10 if the wedge continues its internal oscillation. Break above 9000 to confirm bull. Rejection we fall back toward 7500 mid June.
next target is 8885 June 9-10 if the wedge continues its internal oscillation. Break above 9000 to confirm bull. Rejection we fall back toward 7500 mid June.