Upside Breakout: If the price breaks above the upper red trend line with confirmation, it suggests a bullish breakout.
Downside Breakout: If the price breaks below the lower green trend line with confirmation, it suggests a bearish breakout.
Entry:
Upside Breakout: Consider a long position with confirmation above the upper red trend line.
Look for a move toward the upper target indicated by the upper arrow.
Downside Breakout: Consider a short position with confirmation below the higher red line and then below the lower green trend line with confirmation.
Look for a move toward the lower target indicated by the lower arrows.
Watch for the confirmations to enter the trade in each direction.
Disclaimer: This is not financial advice. Always do your own analysis and consider your risk tolerance before entering any trades.
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