It looks like its forming a Rising wedge.
This is the ideal location for a rising wedge : the 5th wave of a C wave.
Will try to make some cash on the bounces and place a short near the end.
* the final waves should be closer to eachother
This is the ideal location for a rising wedge : the 5th wave of a C wave.
Will try to make some cash on the bounces and place a short near the end.
* the final waves should be closer to eachother
Comment:
Also note the RSI divergence. This thing is going down soon enough