SAVILLS UK HOUSING MARKET IS MAKING A MASSIVE RISING WEDGE
Обновлено
Hello Traders,
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was interesting anyway.
Im bearish here based on the chart, but also realise price could break above the wedge.
What are your thoughts?
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was interesting anyway.
Im bearish here based on the chart, but also realise price could break above the wedge.
What are your thoughts?
Заметка
The weekly view.Заметка
The bear div on the weekly played out.Заметка
The chart looks like this now...
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.