Hello Traders,
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was...
US housing market, measured by Housing Starts and Building Permits indicators is continuing its recovery in line with its relevant trendline.
The housing market was hit the hardest during the 2008/9 financial crisis, causes by the burst of housing market bubble in the US.
Thus it comes as a no surprise that the housing market is still recovering its losses, but...
