Yellow lines - Rising wedge
White lines - Bull flag
Green lines - Primary trendline
RSI - descending triangle... Divergence
Trading at the top of a rising wedge the lowering volume tells me that the distribution has started .
I think we see a drop to the 550 area or wedge support in the next 30-45days. I know that seems steep but as the saying goes "Steps up, elevator down".
White lines - Bull flag
Green lines - Primary trendline
RSI - descending triangle... Divergence
Trading at the top of a rising wedge the lowering volume tells me that the distribution has started .
I think we see a drop to the 550 area or wedge support in the next 30-45days. I know that seems steep but as the saying goes "Steps up, elevator down".
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Related publications
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.