ES1! + VIX possible reversal
Updated
What's bearish:
- Rising Wedge pattern
- Rejection of the 200MA
- A decrease in volume in the last 2-3 trading days
- Bearish divergence (red line)
- Falling wedge pattern on the VIX (image in the comment)
This is a pure technical standpoint, it has nothing to do with fundamentals or the market sentiments
Me:
Hello I started with stocks 1 year ago. After analyzing many charts, I have accumulate more experience than a newb. Now I'm a newb+. Pls feel free to give me feedback
- Rising Wedge pattern
- Rejection of the 200MA
- A decrease in volume in the last 2-3 trading days
- Bearish divergence (red line)
- Falling wedge pattern on the VIX (image in the comment)
This is a pure technical standpoint, it has nothing to do with fundamentals or the market sentiments
Me:
Hello I started with stocks 1 year ago. After analyzing many charts, I have accumulate more experience than a newb. Now I'm a newb+. Pls feel free to give me feedback
Note
Sorry cannot post the vix falling wedge pattern
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