Even though we are already in a falling channel, we are about to complete the clearly ascending wedge formation.
We are currently receiving rejection from the 200 hour exponential moving average and have tested the upper band of our ascending channel 4 times, the next test will probably be the lower band which has just been touched once.
Considering the Stochastic Relative Strength Index, the decline seems inevitable.
We are currently receiving rejection from the 200 hour exponential moving average and have tested the upper band of our ascending channel 4 times, the next test will probably be the lower band which has just been touched once.
Considering the Stochastic Relative Strength Index, the decline seems inevitable.