African Rainbow price is constricted between resistance and rising support forming an ascending triangle. In previous instances ARM showed this price action, price broke to the downside. There is a high probability of the same.
Price closing above the resistance line on a weekly basis would be a stop loss for a short position then closely watch for a false breakout to get a re-entry.
Price closing above the resistance line on a weekly basis would be a stop loss for a short position then closely watch for a false breakout to get a re-entry.
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