If you look at the start of this rising wedge you'll see the pattern started around November 2020. The rise came from the Dems winning the election and constant promise of more and more stimulus. The banks, all with the exception of WFC are all showing this correction pattern. after falling out of its wedge june 11th C dropped 15% in a week.
The last 5 trading days Citi looked like it recovered but infact was nothing but a formation of a bear flag (White lines) which will lead to another 15% drop with my target for cover being 60.39
The last 5 trading days Citi looked like it recovered but infact was nothing but a formation of a bear flag (White lines) which will lead to another 15% drop with my target for cover being 60.39
