Rectangles are a horizontal consolidation pattern and is neutral pattern until broken.
Price is on the support line today.
Recent fall from a bearish Rising Wedge. Both lines slope up narrowing at the apex and represents too much supply within the wedge. This pattern is not valid unless the bottom line is broken. An area of support will usually catch price after a fall from a wedge.
Recent RSI Divergence. Price movement does not match RSI. Bearish divergences are measured on the RSI peaks. A Bullish Divergence is often measured on the valleys.
No recommendation
Price is on the support line today.
Recent fall from a bearish Rising Wedge. Both lines slope up narrowing at the apex and represents too much supply within the wedge. This pattern is not valid unless the bottom line is broken. An area of support will usually catch price after a fall from a wedge.
Recent RSI Divergence. Price movement does not match RSI. Bearish divergences are measured on the RSI peaks. A Bullish Divergence is often measured on the valleys.
No recommendation