Good morning y'all
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well i'll be damned.
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Price level current indecisive, formed rising wedge again today.
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Yeah AMZN will decline. confirmed. I don't think this will produce false signal. RSI on Vfix is slowly rising. Unless some news come out of AMZN, i would presume it will rise as RSI on Vfix hit bottom twice (triple bottom, even quad bottom is possible, but I doubt it). But will there be a possibility of staying at bottom (rising in price level) you ask? yeah it could, but again most of the indicator states bearish so I doubt it. Even current pattern shows bearish momentum. This confirms it.
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Message correction:Unless some positive news come out of AMZN, RSI on Vfix will likely continue to rise; decline in price level. RSI on Vfix already hit bottom twice and is unlikely stay at bottom (this keeps the price inflated).
Apologies for the poor message. I was typing out loud lol.
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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.