This is quoted from post #136646
"Price had broken out of the triangle low, bounced of the support which is boxed in yellow and now facing resistance at the utl. Very straightforward trading.
Should price close above the utl, there'll be bullish continuation. If price bounce off the utl back down the ltl support would be critical. Break that and selling would be favourable."
Price is currently trading within the triangle. A breakout & close above either would be ideal for either buying or selling. Bias atm however is tilted heavily towards selling.
Thank You