Rising wedge formed. 42300 support retesting

You never know when a rising wedge will break really but one thing for sure is you don’t go long when you see it forming.

Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway.

Cheers GL. This is a follow up from my previous in depth analysis.

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Update on rising wedge. Since 42.4k alert that's almost a 1K drop. Next level to watch for 41420. We are under liquidity zone from Friday now.

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Rising wedge update. All targets hit. Watching next support break, if applicable.

40.1k - 40.6k will be a tough one as indicated.