Broadening wedge re-entry – target @67800, if no re-entry – weakness in place
Yesterday’s work against irrationality brought the price back to the broadening wedge new entry trigger @54560. However, this morning we can see no price strengthening within the wedge framework. At the same time, we’ve got a break of a strong support level of 54560 with its low @54140. This so far false break will turn into the true one as long as the price goes lower than that and comes back into the same weakness area above 51800. Thus a “sweet zone” has not gone anywhere at this point.