Rising Wedge with Bearish Divergence and Evening Star Doji
We seem to be showing some weakness on the RSI and MACD in the form of Bearish Divergences.
At the same time we are at the supply line of a Rising wedge Visible on the Daily and Higher Timeframes.
We have printed a Dragonfly Doji at the Highs and if we close Bearishly today it will be an Evening Star Doji Confirmation. I'm expecting about a 30%-60% Decline from here.
At the same time we are at the supply line of a Rising wedge Visible on the Daily and Higher Timeframes.
We have printed a Dragonfly Doji at the Highs and if we close Bearishly today it will be an Evening Star Doji Confirmation. I'm expecting about a 30%-60% Decline from here.