Nov. 13 at 7:13 AM
$BULL has been in a steady decline since the gov shutdown, forming a falling wedge similar to the May/June setup. That wedge broke briefly, then moved into a sideways consolidation (yellow box) before lifting in late June/early July.
Price is now at the apex of a new wedge as the gov officially reopens. With the president signing the bill, this could act as a macro green light for liquidity into year end, and BULL may benefit.
Technically, the stock is deeply beaten down (~40% from pre-shutdown), MACD is curling, and there’s a clear daily RSI divergence, making a relief move or breakout increasingly plausible.
If we don’t get meaningful direction before earnings on 11/20, the most likely scenario is a repeat of May/June: sideways chop inside the 9.54–10.18/10.39 zone until earnings sets the next move.
BULL is at a technical decision point with improving momentum, easing macro pressure, and a clear catalyst ahead.
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