US500 Flag broken with strong bullish candle
Updated
US500 it's been rising since late October.
March 20, after a strong candle without a lower shadow, the RSI started showing us an extreme level of overbought signal, and US500 price made a flag pattern.
Today after the RSI being again in the middle level made again a similar candle almost without a lower wick, broking the flag.
With this, we can see again the RSI below the extreme zone, but above the middle one, following by today's candle that shows strong emotions testing the resitance
March 20, after a strong candle without a lower shadow, the RSI started showing us an extreme level of overbought signal, and US500 price made a flag pattern.
Today after the RSI being again in the middle level made again a similar candle almost without a lower wick, broking the flag.
With this, we can see again the RSI below the extreme zone, but above the middle one, following by today's candle that shows strong emotions testing the resitance
Note
Upward trend
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