The symmetrical triangle that has formed over the last few weeks has been confirmed with support/resistance lines, as well as declining volume. The next spike of volume should occur at the formation of the inverse head & shoulders, which will give a short-term reversal to break the resistance of the triangle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.