We can see the price of Orchid has tested it's strong downward trend line on multiple occasions historically, and has been rejected on every attempt.
In reality there's only a couple of months left until this final section of the wedge formation OXT seems to be trapped in finally closes up and the price would then have to find a new natural trend.
This can mean limited profits from lots of markets, but here we're seeing a very healthy 20-30% per swing from top to bottom of wedge, this is huge and you should expect some very healthy and quite predictable profits from this.
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In reality there's only a couple of months left until this final section of the wedge formation OXT seems to be trapped in finally closes up and the price would then have to find a new natural trend.
This can mean limited profits from lots of markets, but here we're seeing a very healthy 20-30% per swing from top to bottom of wedge, this is huge and you should expect some very healthy and quite predictable profits from this.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Comment:
Ranging through this closing wedge perfectly predicted, let's hope you're getting your limit buys in on that lower edgefor easy profits!
