Description
⋅ Higher Probability of a break to the downside with this Rising Wedge pattern, but not all Rising Wedge patterns break to the downside.
DPT: 40K down to 37.1K (Fibonacci Retracement Levels)
Line to watch: YELLOW ASCENDING LINE
Fear and Greed Index: 73 = Greed
Volume very low, huge move incoming.
MACD: Approaching support trend line
RSI: still way above the 50% line
PRICE ACTION IS STILL KING!
Happy Monday!
More power to all your trades, my friends!
Always trade from a position of power.
Ron