When a falling wedge pattern is found in a downward trend it is considered a reversal pattern.
Bullish divergence occurs when prices fall lower as oscillators fail to reach a newer lows.
Volume is decreasing and price is falling, this could be interpreted as bullish.
But seriously, who knows what the market makers want to do.
Have we even hit the despair phase yet? let me know in the comments.
Cheers Traders!
Bullish divergence occurs when prices fall lower as oscillators fail to reach a newer lows.
Volume is decreasing and price is falling, this could be interpreted as bullish.
But seriously, who knows what the market makers want to do.
Have we even hit the despair phase yet? let me know in the comments.
Cheers Traders!
Comment:
We are now in the Despair phase