We're approaching the resistance of the larger falling wedge. I personally think that it will reverse from there because it's trending up in a rising wedge which is a bearish pattern. Also, we have -div on the 8 setting squeeze.
I think we'll reach $5,200ish before having a significant reversal, one that hopefully breaks up out of the larger falling wedge.
Let's see what happens.
Don't sell the bottom.
I think we'll reach $5,200ish before having a significant reversal, one that hopefully breaks up out of the larger falling wedge.
Let's see what happens.
Don't sell the bottom.
Note
the -div on the daily sqz has disappeared with this upward move, but 4hr now has -div on the CCI
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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.