CHTR has fallen from multiple rising wedges. I drew 2. It has cleared bottom trendline of all of them now but does not mean it can not fall further.
Rising wedges are a bearish pattern and terminal in the end. Too much buying without healthy pullbacks which interrupts supply and demand.
Possible stop a few tics below C in case a retest of C occurs.
Targets are based on fib levels and the length of the AB leg. As a rule targets 1 are the .386, .618 and .786 levels. Targets 2 are those above that (o: Folks do this differently, this I know..
Not a recommendation
Rising wedges are a bearish pattern and terminal in the end. Too much buying without healthy pullbacks which interrupts supply and demand.
Possible stop a few tics below C in case a retest of C occurs.
Targets are based on fib levels and the length of the AB leg. As a rule targets 1 are the .386, .618 and .786 levels. Targets 2 are those above that (o: Folks do this differently, this I know..
Not a recommendation