you are spot on about the symmetrical wedge, everyone can see it now when its too late and the bottom is in.
refer to my post on the 30th of April when i tried to point out the wedge formation and its potential breakout coming on may 27. - i was 3 days out in my count. the patterns is a 25 day cycle algorithm and lasted 100 days in 4 cycles
what people arent seeing is the inverse H&S bottom with a big body to the left. the pattern completed perfectly and was stuck in the formation of the symmetrical wedge which has kept the h&S next move under wraps till now.
the breakout is confirmed 100% by the move from the bottom of wedge to top of wedge in 1 day on no news and volume.
Yes we have broken out of the symmetrical wedge, but we move back into finishing the body of the inverse H&S bottom which means a body will be built to the right and i can safely say it will be minimum 40c in size based on the size of wedge gap. so your numbers are also pretty close.
a big cup and handle formation is on the horizon, it seems that will be the next formation to take us up to $3.00 after $2.00. lets get to $2.00 first.
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you are spot on about the symmetrical wedge, everyone can see it...
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