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b6d1016fdeb149be865b678a8ac935
Apr 18, 2023 3:01 PM

SOLAR (TAN) Macro TA 

Invesco Solar ETFArca

Description

Observations
  • A triangle continuation pattern seems to have formed over the last few years
  • RSI 50 (1M) seem to be acting as resistance


My guess is that if 50 if RSI dips below 50%, price will drop as significantly. _If_ price action keeps RSI > 50, then the continuation patter would likely play out.
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