Long Bullish continuing uptrend for quite some time.
Quick stall here with the formation of a "Triangle Top". 63% chance of an upward break-out.
In 70% of cases bullish breakouts occur when the price is moving into the highest third
of its annual range, which is true in this case.
The target is reached 81% of the time if bullish breakout occurs. so lets keep our fingers crosses.
RSI is down in the oversold area, so everything looks like a great high probability set-up!
Good Luck!
Quick stall here with the formation of a "Triangle Top". 63% chance of an upward break-out.
In 70% of cases bullish breakouts occur when the price is moving into the highest third
of its annual range, which is true in this case.
The target is reached 81% of the time if bullish breakout occurs. so lets keep our fingers crosses.
RSI is down in the oversold area, so everything looks like a great high probability set-up!
Good Luck!