Megaphone in Nasdaq
There are three reasons for a downward breakout of the megaphone (broadening wedge).
1. Head fake
2, Declining volume on rally
3. Very overbought RSI
1. Head fake
2, Declining volume on rally
3. Very overbought RSI
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Disclaimer
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.