| JC STONE - 9/6/2017 18:17
Lower highs and higher lows , forming a wedge, however I can't tell with a lot of confidence which way it will break out.
......no. Price movement is the expression of energy. Prices job was to reach the ML. Each subsequent attempt has exhibited less excursion toward the "next most probable line". If price cannot achieve "the next most probable line" it is exhibiting price is stronger than the path projected by price and it is likely price will go " at least as far" in the opposite direction. Overlay that with the context of price, and you have the confidence you need. Wedges have meaning, but not the ones in the garbage books on the shelf.
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