Last week saw break-out from the larger descending wedge structure. Another descending wedge possibly emerged as of close on Friday:
- Possible broken second wedge may lead to next resistance. If hitting resistance -> look for sell opportunity.
- Second wedge might force price into a second breakout structure. Look for long entry at current support levels.
- Possible broken second wedge may lead to next resistance. If hitting resistance -> look for sell opportunity.
- Second wedge might force price into a second breakout structure. Look for long entry at current support levels.