Given that most people are right now, I am going to take an alternative view and challenge the mostly sentiment. As you can see, we can break either way out of this triangle, but given that we are still very oversold and have still seen no major moves despite major , it is possible that we break upward. Consequently, I believe that there is probably more upside right now than there is downside. We have been making lower highs recently, but if we manage to break the most recent lower high, then I believe that is sufficient evidence that the market is rather than .
If, however, it moves past $192 support, that still doesn't rule out a . Therefore, while the market could go either way, it is prudent to question the rather sentiment in the market right now.
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