Rising wedge w bearish divergence, this can be attributed to the drop that has occurred in the past weeks. Fear may be intimidating when looking for an entry into a market like this but history has shown consistent returns for the nasdaq composite and price will most likely produce a reversal at one of this MA's, EMA's. Unless the dip can be associated with the RISE of cryptocurrency which is my personal bias opinion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.