Technically Spotify is exhibiting weakness.
There is a clear Bearish Wolfe Wave pattern as well as an evolving Bearish Harmonic Cypher one.
Additionally RSI is exhibiting bearish divergence.
Certainly worth watching as WH Fake News tariff negotiations fail to materialize and consumers face increased costs and reduced incomes.
SPOT is definitely economically sensitive.
I would look to sell a break of the dotted line or a rally that is unsustainable.
Do your own due diligence. Not Investment advice.
This is a short time frame !
Good Luck
S.
There is a clear Bearish Wolfe Wave pattern as well as an evolving Bearish Harmonic Cypher one.
Additionally RSI is exhibiting bearish divergence.
Certainly worth watching as WH Fake News tariff negotiations fail to materialize and consumers face increased costs and reduced incomes.
SPOT is definitely economically sensitive.
I would look to sell a break of the dotted line or a rally that is unsustainable.
Do your own due diligence. Not Investment advice.
This is a short time frame !
Good Luck
S.
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