Watching a potential breakout of this wedge...
Trade active:
As expected, Matic broke out of its descending wedge formation. Potential price targets are: 277, 340, and 409. SL @ 233
Note that the falling wedge is not the greatest of bullish formations and often fails to materialize. If the price throws back to the breakout, cut losses.
Note that the falling wedge is not the greatest of bullish formations and often fails to materialize. If the price throws back to the breakout, cut losses.