My best gues it wil break downwards as 1) it’s overbougt (rsi), 2) it has no momentum (adx) 3) it’s running into major resistance and 4) it looks like an ending diagonal.
Buth more important, a break out either way will most likely be a strong one.
So I have my stops on both sides open!
Buth more important, a break out either way will most likely be a strong one.
So I have my stops on both sides open!
Comment:
Nice breakout on the long side!