WIF Stuck in a Wedge Pattern: Patience is Key For a Breakout
2024-10-09

WIF is forming a very long but distinct WXYXZ wedge pattern, tightly confined within its channel. The structure is clear, with repeated ABC corrective waves confirming the pattern’s integrity. While the setup is clear, it suggests we may have to trade within the boundaries of the channel for now.

For those looking to trade short-term, focus on the key levels within the wedge, but be prepared to wait patiently for the eventual breakout—it could take time, but when it happens, it should be significant.