Earnings on the 23rd BMO.
Price hit C in an ABC Bullish pattern and it was off to the races.
A rising wedge has formed that is not valid as the bottom trendline has not been broken.
Rising wedges can stay bullish for quite a while. Neutral until broken.
The wedges are also on hourly.
Possible targets in green valid if price does not break the support or bottom line of the rising wedge it has been in since C is not broken.
Target 1 in larger green type. It is very possible to break up and out of a Rising Wedge. Personally I steer clear of them unless I am already in a security when a wedge forms.
If I am already in I tighten my stop so I am not caught in the fall.
I do not have the .236 marked on this chart, but price is above it.
No recommendation.
Safety is free so use plenty of it (o:
Price hit C in an ABC Bullish pattern and it was off to the races.
A rising wedge has formed that is not valid as the bottom trendline has not been broken.
Rising wedges can stay bullish for quite a while. Neutral until broken.
The wedges are also on hourly.
Possible targets in green valid if price does not break the support or bottom line of the rising wedge it has been in since C is not broken.
Target 1 in larger green type. It is very possible to break up and out of a Rising Wedge. Personally I steer clear of them unless I am already in a security when a wedge forms.
If I am already in I tighten my stop so I am not caught in the fall.
I do not have the .236 marked on this chart, but price is above it.
No recommendation.
Safety is free so use plenty of it (o: