AS the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price, a bullish divergence occurs.
This indicates rising bullish momentum.
In addition, the falling wedge is a bullish pattern regardless of what kind of market it appears in.
The break happens when a price goes through and stays above the resistance line.
This indicates rising bullish momentum.
In addition, the falling wedge is a bullish pattern regardless of what kind of market it appears in.
The break happens when a price goes through and stays above the resistance line.
