AMZN volume pricing and rising wedge update
Good morning y'all
Komentarz:
Price level current indecisive, formed rising wedge again today.
Price level current indecisive, formed rising wedge again today.
Komentarz:
Yeah AMZN will decline. confirmed. I don't think this will produce false signal. RSI on Vfix is slowly rising. Unless some news come out of AMZN, i would presume it will rise as RSI on Vfix hit bottom twice (triple bottom, even quad bottom is possible, but I doubt it). But will there be a possibility of staying at bottom (rising in price level) you ask? yeah it could, but again most of the indicator states bearish so I doubt it. Even current pattern shows bearish momentum. This confirms it.
Yeah AMZN will decline. confirmed. I don't think this will produce false signal. RSI on Vfix is slowly rising. Unless some news come out of AMZN, i would presume it will rise as RSI on Vfix hit bottom twice (triple bottom, even quad bottom is possible, but I doubt it). But will there be a possibility of staying at bottom (rising in price level) you ask? yeah it could, but again most of the indicator states bearish so I doubt it. Even current pattern shows bearish momentum. This confirms it.
Komentarz:
Message correction:
Unless some positive news come out of AMZN, RSI on Vfix will likely continue to rise; decline in price level. RSI on Vfix already hit bottom twice and is unlikely stay at bottom (this keeps the price inflated).
Apologies for the poor message. I was typing out loud lol.
Unless some positive news come out of AMZN, RSI on Vfix will likely continue to rise; decline in price level. RSI on Vfix already hit bottom twice and is unlikely stay at bottom (this keeps the price inflated).
Apologies for the poor message. I was typing out loud lol.
well i'll be damned.