Double Breakout: A Falling Wedge with an Inside Bar

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Double Breakout: A Falling Wedge with an Inside BarCritical Metals Corp.BATS:CRMLWis_CRML > Analyzing the Setup: - A multi month wedge breakout setup has appeared. - As it happens this breakout is also coupled with an insider bar that formed for the past two days (27 & 28 April); so far the bars' low is respected, ergo, offering an alternative to play this ticker. > Risk Mgmt: - this ticker has a record of making violent moves. Yet, so far price action appears to be somewhat clean with a gap to the 200-d EMA below. A move down to fill the gap is not out of the question. But it would depend on the sector; broader market sentiment. - Thus, the inside bar - or - a retracement to the yellow circle VWAP, might be well suited for managing risk. > Price Target: - $15.30, $17.80, and $21.50/22 are potential 1st, 2nd, and 3rd targets. > Author’s Notes My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.