After breaking the first trendline, a double bottom was formed and a sign of a strong resistance point with 3 touches. After bouncing back up we saw a retracement when hitting the trendline and created another resistance point. Then I saw a new trend line forming when it got back down to the resistance level. When it bounced I decided to get into the trade at the golden entry point. After that, we saw a big move up that broke the trendline. We got a retracement and a retest of the trendline. Now we are in a wedge waiting for it to break out down or up...
What would you do? - Take the profits or wait till it brakes out
If it breaks out of the wedge, can we determine what the possible outcome will be?