NASDAQ: Bearish - Ascending Wedge + ROC Divergence

NASDAQ: Bearish - Ascending Wedge + ROC Divergence

Ascending Wedge Detected on the Nasdaq

The trend is bullish, but there is a big divergence with the ROC (Rate Of Change) which gives you the speed of the Momentum of the asset.

A break of the bearish trend line of the ascending wedge would cause the Nasdaq to fall around 17158 - the support zone detected by the Wolf of Zurich is between 16160 and 15675

Monitor the 50 and 200 exponential moving averages

Be careful and happy trading everyone.