Thsts right, I've learned a new terminology; one that is quite self explanatory also. A clear descending broadening wedge can be viewed on the 4 hour chart (new favourite timescale). However, you will also see below that there is divergence on the RSI (RSI going up while price going down). What does it all mean? A trend reversal perhaps or completely meaningless? Let's find out.
All comments or questions, fire away down below. Cheers, brother and sisters.
All comments or questions, fire away down below. Cheers, brother and sisters.