Although this is a bullish wedge, price has had a non stop move to the resistance, a little bit down is likely.
Kommentar:
Here is the weekly chart - even if price continues up higher, it will be smacking into strong weekly channel resistance (i.e., pullback rejection).
Kommentar:
Haven't taken a position yet, but I think they are going to do a pullback retest of former support - this straight run up smells fishy.
I will probably go with put spreads.
I will probably go with put spreads.