The price reaches the bottom of the symmetrical compression triangle in which it has been moving for weeks.
A break downward brings the price back to the lows for a retest, while a possible (and I would say probable) rebound brings it back to the upper edge to attempt a breakout.
A break downward brings the price back to the lows for a retest, while a possible (and I would say probable) rebound brings it back to the upper edge to attempt a breakout.
Note
Green arrow, right choice Look out for sma200 strong resistance, a breakout must close above the blu line
Note
To the bottom again, same choice Up or down?
(I still bet on up)
Note
Price breaking downward
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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.