Falling Wedge + Bullish RSI convergence on FAANG

Although I biased bearish for the past year, the markets are clearly oversold and, furthermore, appear to be showing consolidative pattersn.

FAANG index is also showing bullish consolidation.

We have a falling wedge and a strong bullish RSI convergence.

I believe the recent downturn was also an ABC move.

So, in short, although we are down a lot, we have a very bullish outline despite the bearish macro-narrative.