Breakout Potential
It seems the Head & Shoulders reversal has failed and we've just gone sideways instead. This is much more attractive on 1d candles, and looks like we're setting up for a breakout at some point here. News will need to force us through resistance on high volume and we will need to close above the trendline.
StochRSI is bottoming out here as well which is perfect for a breakout.
We could go sideways for a month or more and there's no real telling where the range in this will be, however it looks like we're charging up here for the run up.
StochRSI is bottoming out here as well which is perfect for a breakout.
We could go sideways for a month or more and there's no real telling where the range in this will be, however it looks like we're charging up here for the run up.
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