After today's price action, we now have a clean falling wedge forming, which is not good for the bears. Complete with bullish divergence on the RSI. In order to invalidate this, we will need the wedge to break down and print both a lower low in price and on the RSI oscillator. We need to fall hard, now, or else we risk this entire move being a mere correction, after which we can expect higher all-time high I expect. What a shocker!
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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.