There is a Rising Wedge that is not valid until the bottom line is broken. A RW is bearish when broken. This one has broken to the upside, for now. Inverse H&S represented with blue stars. The neckline has been broken and T1 has been met.
There is also a Cup and Handle and long entry level has been met.
This is overbought with RSI on 80.
Possible RSI Diversion as RSI is flat and price is sloping up in a Rising Wedge pattern.
So can we consider the rising wedge as invalid now since price has broken to upside?
lauralea
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@fkacct24, it is still there though. When price breaks up from a RW, it will eventually come back and break the bottom line but can take a while to do so, but it will eventually be broken. Rising wedges are well below many stocks in the market right now. TGT had one from a year or 2 ago and it has been broken at 148ish. TGT has another one at 120ish that is years in age.