Sometimes it help to take a step back. I'm not sure the long-term rising wedge
concept would hold water since lower highs and higher lows are only implied at disparate points as opposed to throughout the wedge
, but it's hard not to notice the shape from a wide angle view. I'm also not sure you can use the ideas of the cup and handle
or round bottom concept based on the increasing slope of the upper line. Whatever the case, it says something about how things have changed over the past couple of years. I think we're in for quite a ride once we're over this correction denial phase.