Previous Pattern Targets vs. Possible Path Back to Top or Bottom
HBAR made two major wedge patterns that hit pattern targets with incredible accuracy.
First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x.
Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited.
Let's see if it makes a 3rd wedge that, when exited in either direction, may revisit weekly top or hit all-time low on a 2x measured move in either scenario; potentially creating a double-top or a double-bottom at its completion.
First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x.
Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited.
Let's see if it makes a 3rd wedge that, when exited in either direction, may revisit weekly top or hit all-time low on a 2x measured move in either scenario; potentially creating a double-top or a double-bottom at its completion.