Price typically breaks one way or the other from these formations. I consider this a good short opportunity and expect price to break down to the long-term logarithmic line in bold below. However, price could also break up, and this would be a valid trade as well, I would just be sure to protect profits more vigilantly on the up side for now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.