Here we see two rising wedge patterns, the red one is already completed and the orange has yet to break down. Both were preceded by a sharp drop in price and a swift bounce up. Both had bearish divergence on the RSI and the MACD. In both cases bulls were not able to keep a rising channel open, which is why the wedge develops and the price action breaks down.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
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