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ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible.
To monitor:
The exponential moving averages 50 (in pink) around 991 ,
and the exponential moving average 200(in white) around 793.
A possible Double Top is detected.
+ there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying!
So a bearish return is possible
Be safe!
To monitor:
The exponential moving averages 50 (in pink) around 991 ,
and the exponential moving average 200(in white) around 793.
A possible Double Top is detected.
+ there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying!
So a bearish return is possible
Be safe!
Canal Telegram: t.me/thewoozacademy
Utube: youtube.com/results?search_query=the+wooz+academy
LINKEDIN : linkedin.com/in/james-d-touati-941a8ba6
X (Twitter) : wolf_zurich
Utube: youtube.com/results?search_query=the+wooz+academy
LINKEDIN : linkedin.com/in/james-d-touati-941a8ba6
X (Twitter) : wolf_zurich
Canal Telegram: t.me/thewoozacademy
Utube: youtube.com/results?search_query=the+wooz+academy
LINKEDIN : linkedin.com/in/james-d-touati-941a8ba6
X (Twitter) : wolf_zurich
Utube: youtube.com/results?search_query=the+wooz+academy
LINKEDIN : linkedin.com/in/james-d-touati-941a8ba6
X (Twitter) : wolf_zurich
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