Key points
1) Descending wedge formation is a bullish setup
2) Break of wedge formation occurred on down market day
3) Accompanied with large positive and increasing volume
4) Consider fib retracement levels as potential profit targets for this set up
1) Descending wedge formation is a bullish setup
2) Break of wedge formation occurred on down market day
3) Accompanied with large positive and increasing volume
4) Consider fib retracement levels as potential profit targets for this set up
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.