Pressure being built up on this ascending triangle. Loads of resistance on the upside, so imo there is little room for an upside move (careful with the spikes and breakout orders)
Looking at price action after a downward break of these 2 ascending trendlines. Would enter a short only after a retest.
Looking at price action after a downward break of these 2 ascending trendlines. Would enter a short only after a retest.
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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.