Tsla, pltr and nvdia investor. I use my homily charts for investing. Not financial advice. Tesla car owner, piano self learner. Don’t follow me as I’m stupid.
Don’t Ignore the Bearish Yellow Candles: $RKLB’s Last 3 Weekly Signals Called the Drops (August 29, 2026)
Don’t just focus on the bullish red candles. Yellow candles on the weekly chart have been more than 90% accurate. Let’s backtest these bearish signals. The last three yellow candles have been spot-on in predicting the drawdowns:
1. First yellow candle appeared when $RKLB was at $63, then it dropped to $37.57 (–40.4%)
2. Next yellow candle showed up at $77, then it dropped to $56.13 (–27.1%)
3. Most recent yellow candle printed at $120, then it dropped to $58.20 (–51.5%)
Support zone currently sits at $56–$58. Watch whether $RKLB can build momentum around the momentum bar in the $65–$67 range, which is currently acting as near-term resistance!