Right now there has been a move up to form a falling wedge. Usually this would break to the upside, but the MACD and RSI say otherwise. And even if it does break to the upside, it will run into that falling resistance line almost right away. It will have to be pretty bullshit to bust through both, but we can't rule it out. I suspect it's going to want to finish making that fine example of a bowl, before making a little handle to go with it.
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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.