Falling Wedge// . look closely on breakout of a trend line and VOLUME
Everything is described on TA ///
Hopefully this is the end of correction, but we have to be patient and rather 'lose' some of the profits, market will give us more chances anyway :)
So be patient with buy orders
TARGET: target should be previous support/resistance level, also I am going to update this idea in relation to it's development
gOOD luck Everyone :)
Please feedback, comments ... ///
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I'd say You can go LONG, just consider sizing of Your positions :)
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Hello, just to mention, Yesterday VOL. : 9.300.000
Today (till this time) : 12.300.000
This is very good indicators, means large investors coming into the market.
By Elliot Wave rules, any reversal suppose to be followed by large Volume //
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Now, we can see potential reversal, but we have to be patient //best buying opportunity is when downtrend falling edge is break //
I will update when we should enter long position //
Best of luck