Price appears to have broken up from a rising wedge which can be a bullish chart pattern. Falling wedges are usually found after a deep pull back or at the bottom.
The structure slopes down with the trend and the lines narrow at the apex.
Cup is forming. I do not see a handle.
ATL 81.91 ATH 219.94.
No recommendation.
RSI is at 76.97 and is set on 80 versus 70.
The structure slopes down with the trend and the lines narrow at the apex.
Cup is forming. I do not see a handle.
ATL 81.91 ATH 219.94.
No recommendation.
RSI is at 76.97 and is set on 80 versus 70.
Note
Correction. Price broke up from a Falling wedge not a Rising wedge
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.
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.