Price has found support at above neckline of head and shoulders (H&S more apparent on lower timeframe but easily seen on rsi). Rsi also find support at neckline. (You can read Rsi same as price action in most cases). Now middle of regression line (dashed black line)is support. Green arrow is proposed path to 1st target and second red arrow proposed path of breakdown of up wedge
Also see link for details about long trigger
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Also see link for details about long trigger
Please give thumbs up if you find this interesting.
הערה:
Above should read second black arrow.
הערה:
I entered CL a bit later than I would have liked. I entered at 65.45. And I do exit GC trade.
הערה:
So far Cl moving to plan. I might add if price return to bottom of wedge
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