Linear scale has broken out of the wedge, but I expect price to meet strong resistance on log scale.
We still have massive +div on daily time frame.
Tom DeMark Sequential gave a buy on daily once the green 2 count broke the high of the green 1 count. Stop loss is below the green 1 count. Considering how close we are to resistance on log scale the risk vs. reward of going long here isn't too great, but we never know, we could break up through the falling wedge here.
We still have massive +div on daily time frame.
Tom DeMark Sequential gave a buy on daily once the green 2 count broke the high of the green 1 count. Stop loss is below the green 1 count. Considering how close we are to resistance on log scale the risk vs. reward of going long here isn't too great, but we never know, we could break up through the falling wedge here.