I am comparing Fibonacci and trend lines for accuracy.
We can see reactions at some Fibonacci levels. Either the price retraces or shoots through. Either validates the level.
I have drawn three trend lines in an expanding wedge or 'megaphone' pattern.
Trading this pattern you could enter now with a stop indicated by the grey transverse line and exit at the highest line.
The projection is for a doubling of this price over the next week.
We can see reactions at some Fibonacci levels. Either the price retraces or shoots through. Either validates the level.
I have drawn three trend lines in an expanding wedge or 'megaphone' pattern.
Trading this pattern you could enter now with a stop indicated by the grey transverse line and exit at the highest line.
The projection is for a doubling of this price over the next week.