The Nasdaq .IXIC has been growing increasingly RSI Divergent which could see the tech sector rebound. If the neckline of the double bottom is crossed around 12000 near term gains can take the index to an inverse Head and Shoulders pattern (green path).
On the other hand if the resistance is strong at the neckline, the descending triangle pattern could play out, but with less intensity as it seems to be reaching the apex.
On the other hand if the resistance is strong at the neckline, the descending triangle pattern could play out, but with less intensity as it seems to be reaching the apex.
