Price is becoming compressed in this wedge between the 50-Day EMA up top and the 50-period EMA below. The declining RSI is making me lean towards a bearish break, but a bullish break is also possible. Either way, there will be volatility in the near term. Take care of your open positions if they are short-term positions. Don’t get caught with your pants down.
Cloudy with a chance of volatility...
Cloudy with a chance of volatility...
Cloudy with a chance of volatility...
Price is becoming compressed in this wedge between the 50-Day EMA up top and the 50-period EMA below. The declining RSI is making me lean towards a bearish break, but a bullish break is also possible. Either way, there will be volatility in the near term. Take care of your open positions if they are short-term positions. Don’t get caught with your pants down.
@theprivacysmurf