Charting 2.0, page-37

I know bushmaster on HC and especially on WKT “The only way is up!“
It doesn’t matter what indicators and falling volumes suggest, because they are simply not applicable to the WKT chart, because the strong fundamentals override anything else.
However why can’t I simply point out what I see in my chart without being demonised? Is it because it does suit certain people when there could be correction?
I happen to see the 34c high as a significant high, followed by a small correction. My lower rising TL is starting at that low. My 2nd rising TL is starting at the following high. These TL you observed correctly forming a rising widening wedge. When looking at the overall picture, changes are this rising wedge could be a TED (Trend Ending Diagonal).
A TED has a certain most likely position within the overall wave count and usually occurs as a wave 5 and has itself 5 waves within it. These can be marked as abcde.
All I pointed out was the possibility of a TED, as it hasn’t been confirmed yet, but I‘ll leave to you guy and your all encompassing FA facts to work it out what could follow a wave 5 of 5 within EWT if it confirms!

Personally I trade by using using TA, charting and EWT within that. So rising SP, combined with falling volume, bearish RSI diversion and the possibility of a TED confirming are speaking loud and clear to me and so I decided to take another profit on WKT and be happy with that.