#PYC #Physiomics - The only way is up (for now)

Good clean trend switch shown on the hourly chart. It looks like W1 subwaves i-iv and W2 a-c have completed, leaving the possibility of an impulse (sharp) move up in W3. If this plays out, then the W3 target area (resistance to 161% fib) is shown.

Keep an eye out for it getting "stuck" in that rising wedge however.

Kommentar:

I should point out that the trend switch was a double-bottom too.