Ascending triangle reversal.
Ideal scenario is a close below 4800 creating a bullish divergence on RSI to match the bullish Reversal pattern.
MACD will bottom if the pattern holds. It is the most negative it’s been since the drop after the 2017 bull run.
If this ascending triangle holds, I believe this is THE bottom. If not, 3500 is the next support and I’ll watch and wait at those levels
Ideal scenario is a close below 4800 creating a bullish divergence on RSI to match the bullish Reversal pattern.
MACD will bottom if the pattern holds. It is the most negative it’s been since the drop after the 2017 bull run.
If this ascending triangle holds, I believe this is THE bottom. If not, 3500 is the next support and I’ll watch and wait at those levels
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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.