Price has fallen from a rising wedge and did not go back down to C.
There was also a small RSI divergence and it appears both have corrected.
STOP below C.
No recommendation.
D is the target. It can be 100% of leg AB or a greater or a lesser Fib level of leg AB.
It is a measured move that occurs over and over in the market. This pattern will reverse at D.
It appears that the lower trendline of the wedge is causing resistance today.
There was also a small RSI divergence and it appears both have corrected.
STOP below C.
No recommendation.
D is the target. It can be 100% of leg AB or a greater or a lesser Fib level of leg AB.
It is a measured move that occurs over and over in the market. This pattern will reverse at D.
It appears that the lower trendline of the wedge is causing resistance today.