As you can see the rsi hit 80 on the 1 hr and faded hard end of day.
Right now futures are tanking.
Lets see if we make it back to the 2600 level and fall through or bounce back up.
Rising wedge is a continuation pattern in a bear market.
Let's see how this plays out.
Right now futures are tanking.
Lets see if we make it back to the 2600 level and fall through or bounce back up.
Rising wedge is a continuation pattern in a bear market.
Let's see how this plays out.
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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.