LINK /USD Ascending Broadening Wedge Pattern - $14 TP.
Hello Traders,
Ascending Broadening Wedge Pattern looks to be forming. Seems to be following the typical pattern of a broadening wedge, Higher Highs, Lower Highs. Steep inclines with staggered lows. Following the three peaks & valleys. Tall & wide.
If the price bounces off the bottom trend line of 12.58, continued upward movement should be a good swing trade set-up towards $14. Upon breaking the $14 price point, we can then use it as a confirmation for higher highs to come.
But, if the price breaks down below $12.3, then expect a downward price movement.
Stop-loss set (tight) at $12.2, Take Profit at $14. Upon breaking $14, look for the next target of $15.7.
Ascending Broadening Wedge Pattern looks to be forming. Seems to be following the typical pattern of a broadening wedge, Higher Highs, Lower Highs. Steep inclines with staggered lows. Following the three peaks & valleys. Tall & wide.
If the price bounces off the bottom trend line of 12.58, continued upward movement should be a good swing trade set-up towards $14. Upon breaking the $14 price point, we can then use it as a confirmation for higher highs to come.
But, if the price breaks down below $12.3, then expect a downward price movement.
Stop-loss set (tight) at $12.2, Take Profit at $14. Upon breaking $14, look for the next target of $15.7.