Text book compression in a bull run!! Are you ready for stage 2 of ALGO?
As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
We should watch for a volume spike and two closes above the trendline to confirm the break is valid.
As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
We should watch for a volume spike and two closes above the trendline to confirm the break is valid.