Here we see the chart looking a bit more bearish than bullish as a clear rising wedge pattern has occurred.
MACD has been diverging for over a week now.
A break and close the 4hr 50 ema would be a confirmation this has a high chance of heading lower.
FOMC announcement may take this lower if its nothing great and could then to support to continue this bullish all time high.
MACD has been diverging for over a week now.
A break and close the 4hr 50 ema would be a confirmation this has a high chance of heading lower.
FOMC announcement may take this lower if its nothing great and could then to support to continue this bullish all time high.