Into its second tight descending wedge here and in between our blue lines which have been support and resistance lines in the past.
Once the price can stay above the blue lines, the count is still valid.
The descending wedge here is very very tight, this formation is bullish and we can see enormous selling pressure on $SOFI, $PYPL and $SQ, a relief bounce is due.
We are being presented with enormous opportunities at the moment and only a couple of weeks ago we would have loved to get these stocks at these prices, lets remember the big picture.
Diana
2023-08-15 21:34:27 +0000 UTC