We appear to be forming a second/smaller falling wedge that would break out some time tomorrow and take us back up to the resistance line at around 8950. It's a small trade but worth playing if you can wait for it. As always, don't try to front-run or be a hero. Wait for confirmation. Any higher-time-frame candle close under 8640 invalidates the wedge and most likely means we are head back to the 8100-8300 area.
Cheers and happy trading.
Cheers and happy trading.
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Well.- doesn't always happen that way but that one played out pretty much as planned (although broke a little than I thought) and we hit the yellow arrow target. Now if we can confirm the lower part of the blue box (around 8820) as support, it will look good for continuation. We'll see...