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DW8 Chart, page-439

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Keyhole

5,066 Posts.

1362

15/12/21

13:14

Post #: 58309066
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Originally posted by ilikethestock: ↑

Obviously we're at the pointy end of the wedge. Using volume as an indicator- SP has been falling on falling volume- which is typically a sign of a coming reversal. Decent confluence at this point ( just as it was at the end of the previous wedge) for a reversal- if the price is to break out of the top of the wedge. + looking at the gap at 0.065 that is just screaming to be filled.

If you were to trade this, I'd either look for the retest at 0.047/0.048 if the break is weak, or at those prices if the break is strong ignoring a retest.

Resolving downwards, I'd call .044 as a bottom, not sure where it would go were it to fall beneath.

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buggar it, I jumped the gun and bought up at .047.

Not that I need more but may as well try and turn the tide.

DW8 Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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