Ascending wedge developing on the hourly. I’m still stinging from the dramatic correction we had a few days ago (Aug 7th), but it was only a correction and the market is still bullish overall. Time to move on.
I expect to see a little breakout in price sometime today up to around $3720 (previous resistance level).
Need a Stop Loss at $3420 in the event of a breakdown.
Hit the like button if you’ve read this far! I’d appreciate any comments!
-MrDamage