Impala can break either way. my gut says up but charts say down

25 avr. 2023

Broadening Formation (Megaphone) has formed on the daily,
The indicators are all showing bearish but I can't help but feel that the breakout will be up.
Regardless, price action is saying the following
Trend direction down
7 < 21 < 200
RSI =50
Bearish

So, once we get a breakout we will know exactly what to do.

10 juil. 2023

Note

We got our downside break and the price has been continuing to R117.21. Looks like R110 is on the cards next.