A.)
Falling wedge formation from highs - lower highs and lower lows triggered a short squeeze and a
bullish reversal.
B.(After the initial short squeeze and price rise, B shows equal formation. No clear indicator. Could Go either way.
C.
Ascending Broadening Wedge , is a Clear indicator of A Major Breakout. Higher highs and higher lows with confirmation of a break above 24.75 ps/
D) 29 - 32 $ps price range for next leg up.
How do I know if the price point breaks 24.75$ ps, and how can I be more certain? Look at the
candlesticks . Sellers are active but buyers are stronger. On the 4 hour chart, (mostly used), the last two signals are surprisingly a
hammer (2nd most
bullish signal) followed by the most
bullish candlestick . Lastly there is a
MACD bullish reversal that has broken out of the
bearish trend channel. All positive. Hold onto your caps, Stocks going to rise at least 15 - 20$ before more info is available to study.