- One of the readers sent me a query on the Rising wedge of IWM in the month time frame.
- Although it has been 3 Months outside the pattern this can still become a False breakout. Bears doesn't want to see new high's though. False breakout on this time frame can only be confirmed on price breaking below 143 levels.
January 3, 2018
- Crude oil one hour cloud continues to act as support. Trending move will continue till price stay above the cloud.
- Hour with MACD is showing negative divergence.
- An Hourly sell looks possible from resistance line around 61 levels for the Negative divergence.