Rising Wedge on RSI (D) / RSI Overbough (D) / RSI Resistance (W)
Rising Wedge on RSI (bearish pattern).
RSI Overbought (>70) in a bear market (short-term = bearish; long-term = VERY bullish).
In the short-term, the momentum is running out.
An RSI above 70 in a bear market in the long-term is a very bullish sign!!!
There is also resistance on the weekly RSI.
RSI Overbought (>70) in a bear market (short-term = bearish; long-term = VERY bullish).
In the short-term, the momentum is running out.
An RSI above 70 in a bear market in the long-term is a very bullish sign!!!
There is also resistance on the weekly RSI.