momo_7

momo_7

Setup: Ascending Broadening Wedge within an Ascending Broadening Wedge, both on the 3rd upswing heading to intersect at 136.9

momo_7

1.) Setup: Wave 4C / Reversion to trend line. 2.) Wave Count Wave 3 appears to have ended at the F(2.618x) extension, 4B is finding support at the F(0.86x) retracement, and the F(0.382x) retracement for Wave 4 will coincide with the DT line. 2.) Bullish MACDH making higher highs, higher lows. MACD gradient is flattening <0. Stochastic bullish cross <20 + Hook...

momo_7

1.) Broadening Top formation 2.) Bearish MACDH and Stochastic(10,3,3) divergence 3.) Shooting Star candle at upper edge a few days ago 4.) Current Upswing is forming a bear flag, previous upswings in the formation formed Ascending Wedges 5.) Entry Signal: Daily chart reversal candlestick at upper edge