yellow line - Weekly rising wedge
Closed back under weekly RSI divergence (See RSI)
Finished week with a Dark cloud cover similar to what we seen back in early January.
I think we are headed back to our rising wedge support around 145-150. I don't think we'll get this full drop before next earnings in Feb but I do think earnings will be a catalyst for a further drop and completion of this reversal.
Closed back under weekly RSI divergence (See RSI)
Finished week with a Dark cloud cover similar to what we seen back in early January.
I think we are headed back to our rising wedge support around 145-150. I don't think we'll get this full drop before next earnings in Feb but I do think earnings will be a catalyst for a further drop and completion of this reversal.
