Currently price action is in a rising wedge with bearish divergences on an over extended RSI . That is bearish right? Not in parabolic runs, rising wedges can break up and bearish divergences are a continuation signal. Will we see ourselves above 28k?
I included the bearish path.
Note
better gann fan
Note
Watch for a close below the wedge, might turn bearish. Safest entries are outside the range.
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.