Bullish reversal pattern

NOT is forming a descending wedge pattern, a bullish reversal pattern suggesting a potential shift from a downtrend to an uptrend. This indicates diminishing selling pressure and a possible price rebound from support areas.

6/10/20241 min read

NOT price chart showing the formation of a descending wedge pattern, indicating a potential shift fr
NOT price chart showing the formation of a descending wedge pattern, indicating a potential shift fr

It appears that NOT is forming a descending wedge pattern, a bullish reversal pattern that often indicates a potential shift from a downtrend to an uptrend. This pattern suggests that the selling pressure is diminishing, and buyers might start to take control. As a result, the price could rebound from the support areas.