Rising Wedge on RSI (D) / RSI Overbough (D) / RSI Resistance (W)
Rising Wedge on RSI (bearish pattern).
RSI Overbought (>70) in a bear market (short-term = bearish; long-term = VERY bullish).
In the short-term, the momentum is running out.
An RSI above 70 in a bear market in the long-term is a very bullish sign!!!
There is also resistance on the weekly RSI.
RSI Overbought (>70) in a bear market (short-term = bearish; long-term = VERY bullish).
In the short-term, the momentum is running out.
An RSI above 70 in a bear market in the long-term is a very bullish sign!!!
There is also resistance on the weekly RSI.
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.