We have reached the top of the rising wedge which has acted as a reversal point numerous of times previously and I'm expecting a similar instance once again.
Daily, weekly and Monthly RSI are all overbought and are calling for a breather.
My minimal targer is 720 which is roughly a 6% reversal.
Daily, weekly and Monthly RSI are all overbought and are calling for a breather.
My minimal targer is 720 which is roughly a 6% reversal.
Note
Rising wedge on the hourly too -Note
VIX calls in my bag, are they in yours?Trade active
Has broken out of a H&S pattern with a retest to confirm? 
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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.