Monday lowes closed with a bearish engulfing candlestick pattern at the top of its rising wedge. Today lowes loss support of that rising wedge and closed with higher selling pressure. Monthly RSI hit 85 last week. if you look at the history of lowes monthly RSI you'll see a pattern where this is a correction around 80-85 on the RSI.
Today makes 2 red candles if we close tomorrow in the red that would mean 3 black crows which would further confirm the reversal..
Let's see what happens
Today makes 2 red candles if we close tomorrow in the red that would mean 3 black crows which would further confirm the reversal..
Let's see what happens