typically when the 50 and 200 day ma's squeeze the price in this type of fashion, we see a breakout to the upside.
currently we are under a trendline so this would allow us to return to ranging in the trendline.
can expect a breakout of the consolidation structure soon after imo.
not financial advice.
stay safe.
currently we are under a trendline so this would allow us to return to ranging in the trendline.
can expect a breakout of the consolidation structure soon after imo.
not financial advice.
stay safe.
