FCEL FALLING WEDGE

28 wrz 2021

After a big move up in late 2020 we have been cooling off for awhile, believe shorts are covered and whales have started accumulating again. I see lots of people shorting the 5-6$ range which is not all in the red. This is good for those that know what will happen. The pattern i see on the daily as shown but also the weekly is a falling wedge which is a bullish pattern. The fact it is clear on the weekly gives me lots of confidence this pattern is real and will hit its measured move. I don't like targets because they are not to reliable but using the line tool, the measured move is right under the recent high while the measured move using % put its slightly above the resistance. The risk reward ratio is good for me. Also their is a triple bullish divergence on the daily which is usually a very bullish sign. Some may say its a quadruple but I don't believe we moved down enough that first wave so I count it as a triple but still! I love that we had good news on mainstream news the other day, but does worry me because we all know what CNN and MSNBC do to retail investors. Lastly this is not financial advice and let me know what you think.