NewEconomyMovement already had two nice peaks in the past and I think its about ready to create another one.
It has made a nice cup and I see this break to the upside any day now.
Having hit 13900 both times it rallied could give us a nice long term target but I don't think we will hit it in one clean push.
So I'm going for a more modest 9249 and then maybe return to this trade after a nice correction on the 4 hour chart
9249 implies a retrace of about 50% from the last drop
It has made a nice cup and I see this break to the upside any day now.
Having hit 13900 both times it rallied could give us a nice long term target but I don't think we will hit it in one clean push.
So I'm going for a more modest 9249 and then maybe return to this trade after a nice correction on the 4 hour chart
9249 implies a retrace of about 50% from the last drop
Note
Lil' wedge inside the larger wedge, lets break to the upside shall we?Note
Dropping a bit but I'm still happy with this entry and going to ride it out. Targets will be hit. Here's a daily to show the perspective and potential 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.