RIO - Breakout?
Statistically a slightly more bearish probability for this descending triangle pattern, but RIO looks like it may just be testing a breakout to the upside. Would like to see stronger confirmation, but if it retests the breakout and moves back up to take out the previous high at ~$75, it could be profitable.
Retest of triangle-pattern highs would be ideal.
Retest of triangle-pattern highs would be ideal.
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