WW Pattern is a very reliable chart pattern, many of my previous ideas are based on it
The falling wedge is a bullish pattern that in case of breakout would lead to target along 1-4 line. More details: thepatternsite.com/WolfeWaveBull.html
3 and 4 are not very well defined, that's why I made 3' and 4' scenario.
$LC received an analyst upgrade the 20th May by Morgan and Stanley that occurs right after the last exhaustion of the pattern (5). Coincidence ? You decide ;-)
The falling wedge is a bullish pattern that in case of breakout would lead to target along 1-4 line. More details: thepatternsite.com/WolfeWaveBull.html
3 and 4 are not very well defined, that's why I made 3' and 4' scenario.
$LC received an analyst upgrade the 20th May by Morgan and Stanley that occurs right after the last exhaustion of the pattern (5). Coincidence ? You decide ;-)