RCE reached the Measured Target of the Falling Wedge yesterday. I was watching the break-away gap from
the pattern and hesitated a little too long... and did not chase it. Well done to anyone who caught it.
I would expect some consolidation/retracement here, but you never know. On technicals alone, I personally would
be aggressively protecting some profit at this level, but giving it a small amount of room to continue if it wants to.
The Target of the wedge could be seen as the upper boundary of a slightly larger (but a bit ugly) Rectangle information.
If it retraces enough to give second touch more substance,
I will look at entering a breakout of that level if it completes.
GLTA
(20min delay)