MRNA // Falling Wedge at Daily Long

Moderna, Inc.NASDAQ

Description

⋅ Jun 29, 2023 5:45 AM

Hello Folks,

We can see Falling Wedge pattern clearly at MRNA with RSI positive divergence.

I consider it important that this image is formed at a significant level of horizontal support.

As a condition to enter the position, it would be reasonable to wait for the formation of a new high.

Comment

⋅ Jul 12, 2023 8:37 PM

Update:

Wedge MRNA

Comments

Thnacks

⋅ Jun 30, 2023 12:17 AM

Good job, I agree. My question is, if this descending wedge is so obvious won't the MM force the price lower instead?

betilki

⋅ Jun 30, 2023 7:52 AM

@Thnacks, Thanks,
Yes, MM can force the prices to be lower, maybe he has come here because he forced them before. :)
I don't really care what he does, I only focus on prices

oilyprata

⋅ Jul 12, 2023 3:47 PM

Break out of wedge!

betilki

⋅ Jul 12, 2023 8:37 PM

@oilyprata, Yep! but still there is pressure by ma50