Look at the volume profile, a lot of trading here. It really looks like a distribution top.
Any downtrend has rising volumes
Uptrends have decreasing volumes
Negative divergence, which is going to push the price out of the rising wedge.
Price might rise again, but I don't think this is going to end well.
Any downtrend has rising volumes
Uptrends have decreasing volumes
Negative divergence, which is going to push the price out of the rising wedge.
Price might rise again, but I don't think this is going to end well.
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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.