Day Trading May 19 afternoon, page-21

Iv been charting some forex and thought I would do mmj chart again

Naturally one wonders why there are so many posters there, sell you souls and your shares etc

Very interesting that within the downtrend channel we have a very sharp bullish wedge forming and we are dead set right at the pointy end

Price target for the top to the bottom (so far) of this structure is 60c-33c = 27c + 34c (the current share price assuming that's the breakout point or close to it)= 54c

The break of this structure will break the downtrend as well

MACD is turning up perfectly and daily rsi is now oversold