8.12.17 | F | Falling Wedge Breakout
| F |
Price is forming a on the breakout of an upward moving channel. Currently it is trading between two historical lines. There is 23 cents of left in the which suggests that price will be breaking out within the next two trading sessions. The first target is set at the .236% line on the and the next target is anywhere inside the Fibonacci Zone (red). The first indication of a reversal is a close above the Fibonacci Zone, if price is going to remain it should not be trading anywhere above this Zone (red). The indicator is sped up and nearing a cross-over, Stochastic’s has formed a pattern into oversold pending a reversal, and the Awesome Accelerator is signaling for a crossover on the zero line.