Recent bearish diversion between RSI and price that could cause a pull back very soon.
Cup structure formed also noted.
Price broke up from a triangle then formed a Bull Flag.
No recommendation.
Cup structure formed also noted.
Price broke up from a triangle then formed a Bull Flag.
No recommendation.
Note
The handle low slopes up in this Cup structure and has held price so far. The Handle Low is support. There is 1 Rising Wedge on hourly and the bottom trendline was broken at 176.40ish. No rising, narrowing wedges on the daily timeframe noted. Price appears to be recovering from the divergence but time will tell.Note
Cup and Handle/ Divergence has possibly corrected after pull back/Targets adjusted Note
Note
Channel up
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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.