The top of our rising wedge has been hit on the daily, while our downward trend on the weekly has also seen resistance.
Another theory to look into is our Elliot wave analysis which indicates a whopping 50% drop from ATH’s.
What do you guys think, is the market crash over? Or just beginning?
A rising wedge formation on the daily breaking towards the down side.
We are also seeing rejection at a major resistance zone.
A lot of major fundamental news will be hitting the markets over the coming weeks so make sure to stay vigilant.
Happy trading!
Potential for upside with the breakout of our falling wedge.
Also the change in impulse towards the upside implies the change in momentum has switched course, at least for the short term.
Happy trading guys!!
Gold peaked at the height of our rising wedge on the daily TF, we are now seeing a broken symmetrical triangle break and re-test, which should push gold lower, towards the lower end of our rising wedge, possibly causing a break to even lower levels.
Trade safe guys!
This could be a great opportunity to dive into fisker inc.
With shares trading around ATL’S and fundamentals in the EV market appearing to strengthen, this could be a great entry point for anyone interested in this up and coming EV company.
Some positive fundamentals released regarding rivians Q1 sales are creating a nice breakout in this falling wedge formation.
I believe rivian has received a lot of negative reaction over the last few weeks, however, i believe it cannot get much worse than what the sentiment is right now.
With some good news finally starting to be seen in rivian, we could...
A rising wedge formation forged on the daily time frame.
Looking down to the lower TF’s we can see a lot of divergence in the RSI suggesting a near term reversal!
Happy trading guys
