Price action and chart pattern trading - take profit position
> Rising/Bearish Wedge false breakout wave iv correction
> Target Inverted Head & Shoulders 1.618 extension of wave 1 or A
> Recommend take some profit along upcoming wave (iii) of wave v of wave 3 or C should be the longest wave.
> Indicator: RSI / MACD should start showing bearish divergence during the next cycles
> Rising/Bearish Wedge false breakout wave iv correction
> Target Inverted Head & Shoulders 1.618 extension of wave 1 or A
> Recommend take some profit along upcoming wave (iii) of wave v of wave 3 or C should be the longest wave.
> Indicator: RSI / MACD should start showing bearish divergence during the next cycles
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