The price made a descending triangle formation in the past couple of days, bouncing between a horizontal support and falling resistance.
Looking for a break out in the bearish side when the price reaches the tip of the triangle. If we see the price break above the falling resistance that would be a bullish signal, making the previous idea invalid. All in all, looking for a break on either side, as it will indicate a more impulsive move in the direction of the breakout.
Looking for a break out in the bearish side when the price reaches the tip of the triangle. If we see the price break above the falling resistance that would be a bullish signal, making the previous idea invalid. All in all, looking for a break on either side, as it will indicate a more impulsive move in the direction of the breakout.