DRV (Real Estate Bear 3x ETF): IWR Bearish Watchlist
Reason: Potential Bullish Falling Wedge
This is a short-term trade setup.
If the Bullish Falling Wedge pans out it should result in a sharp rebound with a potential target in the range 46.16 (Gap) - 47.28 (Last lower high).
The RSI (5) positive divergence favours a tradable bottom which needs to overcome the resistance located at 45 opening the door to achieve a move towards the target box.