This rising wedge is looking scary.
A possible break to the downside is imminent (within the next several days).
We might get some support and bounce upwards, but we are close to crossing below the 50d MA.
Also a bearish divergence in the RSI is making me lean more towards bearish overall.
A possible break to the downside is imminent (within the next several days).
We might get some support and bounce upwards, but we are close to crossing below the 50d MA.
Also a bearish divergence in the RSI is making me lean more towards bearish overall.