The Rising Wedge will be validated if the price continues to drop to the strong support, bounce to the strong resistance, and bounce down to the previous resistance.
This is the buy zone.
We are just starting leg #3 of a bullish EW. I predict we should reach the top of leg #3 around January 20.
Note that a drop below #2 will invalidate this wave prediction. There is generally moderate support at these levels to keep it from dropping, but anything can happen,
Looks like an Elliott Wave is forming. The Fib didn't look right using that initial highpoint. But moving down to the next high placed everything where it made sense. I'm pretty sure the price was supposed to drop, but a whale entered the market and shook some things up. Sad. I was hoping to rebuy at 6800.
If wave point #2 should somehow fall below #1, the wave...
