TLG Chart, page-1098

Hi all, I'm not much of a chartist but it's a skill I'm interested in developing so here's my interpretation of what's happening with TLG currently.

After a great run through most of 2020 and then a huge spike in November, What i think we're seeing is TLG forming a Falling Wedge. Yes price is going down but this is still considered a bullish pattern - overall sentiment is good, market is just re-calibrating a bit after Novembers spike, while still expecting the positive run to continue at some point. We're getting towards the pointy-end of the wedge, which would also be roughly in line with the longer term trend line. However this should also hit at around the time the DFS is release (and other pending news) so that should be the be enough to break out of the wedge pattern and continue a strong uptrend past Novembers high.

@MKI4EVA My understanding of wave theory isn't that great yet so I can't really comment on how this fits with your chart above but that one also shows us potentially dropping back to ~1.30ish before continuing the uptrend.

The recent SPP thought may imact this and instead we could see a stronger base forming at 1.40-1.45 and just flatten out here till we get news