ASI has beautifully rejected the rising wedge and managed to close above it, while forming a inverted HNS pattern.
RSI has also broken the bearish divergence trendline and closed above it.
Next Major resistance will be at 9600, and if prices come down, 9400-9350 (trendline resistance become support) will work as a support.
Surprise rate hike of 100bps may not be as bearish as many think!
RSI has also broken the bearish divergence trendline and closed above it.
Next Major resistance will be at 9600, and if prices come down, 9400-9350 (trendline resistance become support) will work as a support.
Surprise rate hike of 100bps may not be as bearish as many think!