Disclaimer: This is not investing advice. Please use your own due diligence before investing.
I am still pretty new to the technical analysis and am looking for input. It appears there is an interesting wedge here as the short-term position appears to be trading at the lower end of the Range with the MFI on a very low side. The overall trend looking back appears for a negative position. However, there might be a couple days of positive increase as the MFI rises. Exit Position is if MFI gets to around 30-45 range.
I am curious people's thoughts on this position.
I am still pretty new to the technical analysis and am looking for input. It appears there is an interesting wedge here as the short-term position appears to be trading at the lower end of the Range with the MFI on a very low side. The overall trend looking back appears for a negative position. However, there might be a couple days of positive increase as the MFI rises. Exit Position is if MFI gets to around 30-45 range.
I am curious people's thoughts on this position.