$JNK Looking for Upside

I have a feeling that if we were especially bearish here, $JNK would have sold off.

But instead, it is breaking out of a bullish continuation wedge. Using fib extension rules for zig-zags, we can target the orange box above.

JNK


[UPDATE]: This wedge broke down pretty significantly. I will file this under “Unsuccessful Calls.” I will need to monitor the price action from here prior to making a new call.

JNK


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