/biz/ - Business & Finance

We're going DOWN Anonymous Sat Apr 21 23:53:57 2018 No.9031386 [View]
File: 144 KB, 923x609, ascendingwedge.png [View same] [iqdb] [saucenao] [google]

Rising Wedge on the daily. Another failed attempt at $9000 a few hours ago (didn't even touch $9000 that time). RSI the highest its been since December on 12-hour, daily, etc. Bearish MACD.

Expect a correction to $8500. If the market is still too fragile to handle that then we might see a full resumption of the bearish trend and retest the $6400 range.

Uh Oh... Anonymous Sat Apr 21 09:37:32 2018 No.9020404 [View]
File: 144 KB, 923x609, ascendingwedge.png [View same] [iqdb] [saucenao] [google]

"The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias."

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/biz/ - Business & Finance

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