Lots of similarities between the two rising wedges (orange lines).
Both have a double top in the RSI.
Both rallies about 150 days long.
Both rallies breached the upper resistance level of the wedge.
In both instances, a correction of about 7% gets us back to the green support line.
If we break down from that, then the purple line should be the next support level (assuming things play out the same way).
Both have a double top in the RSI.
Both rallies about 150 days long.
Both rallies breached the upper resistance level of the wedge.
In both instances, a correction of about 7% gets us back to the green support line.
If we break down from that, then the purple line should be the next support level (assuming things play out the same way).