pimpfreud

LIT ETF: Further Trending Down Bullish Descending Wedge

Short
AMEX:LIT   Global X Lithium & Battery Tech ETF
Expect a further slide down the large bullish wedge into more probabilistic BO zones (as indicated by green projection area within the wedge ), then trend reversal that moves within the trident . The current movement is a completion of a bearish ascending wedge , which correlates with a continuation of the downward trend. The VFL shares the current bearish sentiment as does the Wies, with an overall decrease in buying and selling volume - such things also indicate a possibility of a large movement.