Falling wedge signals a likely bullish run, if it breaks out of the wedge it should go to a target of approx 600.
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Waiting for break above wedge, to confirm bullish run. Entering trade on breakout.
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There's a bullish hammer on the 15 minute chart, and reversal candles on both the 30 min and 1 hr charts.
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Broken out of wedge now, I'm going to take a further break above 430 as bullish confirmation and enter the trade there.
Trade active
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The previous high of 520 will serve as resistance, the breakout could get stopped there... allthough if that does happen I'd expect it to form a J curve, and then break that resistance and continue on to the target
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previous 1hr candle closed above the wedge, definitely a good sign.
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Currently retesting the top of the wedge
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this isn't a downwards wedge, it's a flag... still looks like it will breakout quite soon, but the charts wrong, so I've just published a new one.