We broke out of the first falling wedge (Purple) and bounced off the bottom of the 2nd purple line in the larger wedge.
Price is retesting the first wedge that we just fell out of.
Also have the yellow down trend line that's been holding us down since the end of September.
With both lines converging its likely that we head down again and test the bottom of the larger purple wedge and support level at $47.21
Also need to get above the yellow downtrend line on the RSI for any movement upward.
Feel free to leave a comment and a like.
Not financial advise:)
Price is retesting the first wedge that we just fell out of.
Also have the yellow down trend line that's been holding us down since the end of September.
With both lines converging its likely that we head down again and test the bottom of the larger purple wedge and support level at $47.21
Also need to get above the yellow downtrend line on the RSI for any movement upward.
Feel free to leave a comment and a like.
Not financial advise:)