RectangleRectangle top and the pattern is neutral until a trendline is broken with a trend in that direction. This is a horizontal trading channel and the top line is resistance. There are 2 upper trendlines, but in my min the high of 42.16 was an outlier, and not part of the actual rectangle as price did not stay there long. You may want to extend the rectangle to that level, but in any case price would need to break the former high of 426.16 to consider a long entry.
The bottom trendline is support and would constitute a short entry for someone who wanted to short this.
Targets for a break to the upside of the rectangle in green and for a break to the downside are in orange.
No recommendation.
Sometimes it is only ourselves that stand in the way of reaching our goals.
I know we can be guilty of searching for what we want to see instead of seeing what is actually there. To me, this particular security, would seem a bit tired for now as it has had a great run, which may continue as a rectangle is neutral and this could hit the bottom trendline and go back to the races again for all I know (o: This one has surprised me before so there is just no telling! Fact is we can only make an educated guess, then wait for that guess to be confirmed. And then it is still just a guess (o:
