Bearish divergence on the daily RSI in perfect confluence with the top resistance of this rising wedge pattern gives a great risk/reward trade setup. I dont trade stocks personally, but i chart some stocks for a family member and found this rising wedge about a week ago, and just now confirming bearish divergence on the daily RSI. Just something I thought some people here may find interesting.
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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.