About meI am from South Korea and graduated from San Diego State University with a bachelor degree in accounting a long time ago. Currently I am a business man. Investing is just my hobby and I really like to study technical indicators and chart patterns.
I would put short on it for a while until the price movement is rigidly confirmed.
There is the more possibility that it draws a double top pattern or head & shoulder
because RSI & accumulation and distribution lines are now in a bearish divergence.
If the price ends up with falling down today's daily chart on the both sides the east and west,
people may get...
There is a hidden bearish divergence on RSI.
It should have gone up steadily not to make this divergence.
System trader can easily catch the signal and sell off.
So you'd better wait until the divergence is released.
I think it may all the way way down below if it breakouts downward. It may be the last chance for you to stop loss or profits.
Nobody knows in this kind of pattern so you'd better wait until the direction is rigidly decided.