Fell out of rising wedge today, fell below 50ma and bounced of Fib ext .786.
Most Rising wedges retrace , and that was what that suckers rally was at the close; Same thing happened with the Nasdaq April 29th (see links). I think we'll test 100ma this week. Draw a trendline on your RSI weekly starting from March 2020 lows, then October, then Feb all the way till now and you'll see it fell thru that support..
Most Rising wedges retrace , and that was what that suckers rally was at the close; Same thing happened with the Nasdaq April 29th (see links). I think we'll test 100ma this week. Draw a trendline on your RSI weekly starting from March 2020 lows, then October, then Feb all the way till now and you'll see it fell thru that support..
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