More so for my own education than an idea for the community, but would love to hear thoughts.
I see us coming to the tip of a symmetrical triangle as far as price actions as well as with the rsi, though the rsi shows we have a little more time to wait. I've also marked a a strong support and resistance zone for possible bounces.
I see us coming to the tip of a symmetrical triangle as far as price actions as well as with the rsi, though the rsi shows we have a little more time to wait. I've also marked a a strong support and resistance zone for possible bounces.
Comment:
As we seem to be forming a clear ascending triangle right under our resistance zone, I can see a major breakout happening anytime now.