source avatarSergey Stolyarov

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$EWJ nice (on account of all 5 factors) ascending wedge pattern almost formed in the name. Price can stay though within those boundaries a lot more, say 1-2 month. Need to wait where it goes first. Can go up (general trend is up innit), can go down (more easily than up). An ideal pattern will form if price goes down now (one third to apex, which is about now). 'Ideal' - I mean the one which later can go down in textbooks cherry picked by some pattern-lovers-educators to mislead their followers about 'classic' drawings on a chart, that one can outline congestions or draw other heads and shoulders and diamonds and boxes as one wishes with a serious 'wizard' face and then sell (in this or that way) financial advices to public based on those drawings.

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