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Ninja
Rep: 100
Posts: 218
Following the nice 3rd touch of falling channel just before opening this morning, we rallied sharply. As this rally sold off, price retraced back down within our .618/.786 retrace area, and formed a nice falling wedge doing it. The 3rd touch of the falling TL with low TF at extreme to help time, and sitting at the .786 level, we had a nice long setup for a shot at reaching our top of wedge target. The attached chart shows what I saw. Nice little move (with much more to come as it has turned out) :-)

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