Tightening ranges is the theme. Next breakout crucial
Price has broken out of a short-term downtrend and provide opportunity for a quick scalp to the next trendline resistance. Lots of trend-line support underneath so i favour the upside, but a breakdown will quickly turn those support into resistance.
Was favoring the upside in liew of the higher highs and lows but price is just range-bound the past week.
Was favoring the upside in liew of the higher highs and lows but price is just range-bound the past week.
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