Wedge forming finding its resistance at the 200MA support level and bringing the RSI in the oversold levels. Always wait for the confirmation of the break out. * This is just a thought, not a trading advise!
Based on the MACD pointing down and the STOCH rsi which is pointing down, I think we will have a further correction. The correction will probably end at the 117-125 range, these levels are based on the 50MA support line and the previous support levels. From there on we can go long and watch it rise and test resistance for the 3rd time, if it breaks I will be very...
Rising wedge + bearish divergence. Will it happen?
Rising wedge + bearish divergence. Will it happen?
Rising wedge + bearish divergence, shall it happen? Maybe, maybe not..
The deathcross is happing, MACD closing in. We probably see a downtrend for a while.
Descending triangle is finishing. The MACD has crossed the baseline which is a bear signal. We probably won't see a small rise since the MA50 act as a resistance.
What do you think?
What do you think of the similarities of point 1 and 2?