In order for this pattern to set up correctly for a downward move, it will need to break below the green upward trend line.
The pattern suggests that the RUT is losing it's momentum on this move up.
RUT Daily Chart:
Wednesday, May 7, 2008
RUT Rising Wedge
The RUT is starting to form a rising wedge which is a bearish pattern.
In order for this pattern to set up correctly for a downward move, it will need to break below the green upward trend line.
The pattern suggests that the RUT is losing it's momentum on this move up.
RUT Daily Chart:
In order for this pattern to set up correctly for a downward move, it will need to break below the green upward trend line.
The pattern suggests that the RUT is losing it's momentum on this move up.
RUT Daily Chart:
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment