We're approaching the resistance of the larger falling wedge. I personally think that it will reverse from there because it's trending up in a rising wedge which is a bearish pattern. Also, we have -div on the 8 setting squeeze.
I think we'll reach $5,200ish before having a significant reversal, one that hopefully breaks up out of the larger falling wedge.
Let's see what happens.
Don't sell the bottom.
Comment
⋅
the -div on the daily sqz has disappeared with this upward move, but 4hr now has -div on the CCI