The 4 hour chart is showing that the price has respected the Fibonacci .618 retracement of the most recent swing and my momentum indicator is rolling over.
The hourly chart shows a clear rising wedge and I have entered at the bottom of the wedge, at the first re-test of the trend line after the price broke through. My macd indicator is showing a bearish divergence with price.
My stop is just outside the top of the wedge and I've placed my first target limit order.
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