Hello,
We've been through two previous falling wedges which were quite long, I think we're entering a third. I see this one bringing us down to a double bottom and entering some form of bullishness from there.
My targets to re-buy are 7525 for a bounce, and 7100 for the hopefully bullish movement.
It's possible we'll break down the year-long support line here, and go lower instead.
We've been through two previous falling wedges which were quite long, I think we're entering a third. I see this one bringing us down to a double bottom and entering some form of bullishness from there.
My targets to re-buy are 7525 for a bounce, and 7100 for the hopefully bullish movement.
It's possible we'll break down the year-long support line here, and go lower instead.