Here a nice chart in the daily.
Resistance vs. Breakout. Who has the better cards ?
Breaking through the resistance could trigger and complete the formed Double Bottom.
The likelihood is not the best imo, because we are trading near the longterm downtrends upper trendchannel.
On the shortside we have a really nice chance-risk ratio at that level:
Resistance vs. Breakout. Who has the better cards ?
Breaking through the resistance could trigger and complete the formed Double Bottom.
The likelihood is not the best imo, because we are trading near the longterm downtrends upper trendchannel.
On the shortside we have a really nice chance-risk ratio at that level:
