RDNT Falling Wedge Near Potential Reversal ZoneRDNT is forming a clear falling wedge after an extended bearish move. Price is printing lower highs and lower lows, but the range is contracting as both trendlines converge. This compression signals weakening bearish momentum rather than strong continuation.
Price is currently holding near the lower boundary of the wedge while building a short-term base. If RDNT manages to break and hold above the upper wedge resistance, a relief move toward the zero point zero one zero two six area becomes likely, followed by the higher resistance zone near zero point zero one one two.
On the downside, failure to hold the wedge base would invalidate the bullish reversal structure. A clean breakdown below support could reopen continuation toward deeper demand zones.
This setup is driven by falling wedge dynamics, momentum exhaustion, and base formation near structural support. Confirmation through breakout and acceptance is essential before expecting upside continuation.
