Symmetrical Triangle Forming Up
Nearing a multi year symmetrical triangle monthly resistance level, if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for bullish continuation. However, if the current hourly trend turns bearish, the likelyhood that symmetrical triangle resistance level has been verified increases and will continue to increase as more time frames follow; with significant downside. Allocate appropriately and respect the trends, disregard the fud, and good luck!!
-RSI neutral
-MACD bearish
-RSI neutral
-MACD bearish
Disclaimer
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.