Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily.
Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
Ideally, the volume will...
It appears as though a Head and Shoulders on the RSI & KST has already played out to the downside, notice the blue Descending Triangle with the red colored lines representing the H&S on the RSI.
Investors should acknowledge that the previous CEO of Overstock was great friends with Warren Buffett and spoke with him privately before departing the company.
I find...
COINBASE:BTCUSD Nothing Goes Up Forever! Bitcoin had its run now bears are in control. With so Much money flooding into the Crypto Market, the Dethroning of Bitcoin is going to happen! Will Ripple Overtake Bitcoin? Only Time will tell!
Moving AVerages have crossed to downside on Bitcoin indicating Bearish Momentum. Price Targets to the downside are 7500 and 5000....
