I think I have identified a rising wedge here. This is usually a bearish signal after an uptrend. Looking to see if it breaks down through the wedge.
The MACD is still below zero and so it is possible it might hit that and drop from there. I'll be looking to see if the RSI signals over-bought on the next high-high close.
The MACD is still below zero and so it is possible it might hit that and drop from there. I'll be looking to see if the RSI signals over-bought on the next high-high close.
Comment:
Holy cow, it's following the wedge...
Comment:
So, it wasn't a 'rising wedge' it was properly called an 'ascending triangle'. Cool.