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Descending Triangle - Bearish outlook
AVZ
, 1D
AVZ: Descending Triangle - Bearish outlook

Hi All, We have a bearish descending triangle that has formed with next trend change due within the next 2 weeks. Most of the signals here look bearish; RSI is in bearish trend. MACD looking to cross bearish. Pattern is bearish. RSI has not cross 55 mark since August of last year with down trend looking to continue. Volume has increased however as the only...

Double Top Pattern - Support Currently Holding
SXY
, 1D
SXY: Double Top Pattern - Support Currently Holding

Hi All, We have a double top pattern with current trend line holding. We can see trend line was tested previously and it held to eventually bring us the double top. Assumed target in this case being 0.30 has not been reached suggesting further possible downside. RSI has crossed bearish to re test previous support. MACD has also moved into bear phase. Volume is...

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