LYB Daily Bearish Divergence at Critical Resistance

2019年11月17日

Good morning ladies and gents, LYB is showing Daily MacD Bearish Divergence at a critical area of resistance inside of two converging trend lines. It is a Rising wedge, although the best wedges are the ones with at least 5 touch points. Either way, it's still a range between two converging trend lines.

Entry Target for the Short is at $96-$96.50
Exit Targets are inside the pink box. 50%/61.8% retraces being the best targets for a wedge measured move.

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